BRRRR is definitely going to be the way to go. 

Hi, I am a newbie investor who is playing the slow game in buying a primary, rehabbing, then turning into a rental or selling every 2 years.

One option rather than doing that could be Subject To - in which you buy the house for $184K subject to the existing mortgage.

Is it debt way above the 5-6% you can get guaranteed from the bank?

When you add the accounting into all of this, it’s been quite the headache for me to manage where everything is going.

The $40k number may have to do with something else!

How would you know if the property has been abandoned by the lien holders and the owner?

However, if communication continues to be lacking, or if you receive inconsistent updates, it’s crucial to be prepared for the possibility that you may need to pursue legal recourse.Protect Yourself Moving Forward: If you do recover your investment or start new ventures, consider more stringent due diligence in the future.

-STANDARD SALE- 7,000 sqft lot just south of Ventura blvd in prime Sherman Oaks is ideal for development or remodel and add sqft The charming home is within close walking distance to some of the best restaurants this area has to offer.

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