The vast majority of private Landlords have no clue what they're doing whereas a professional knows the law, can spot red flags, and can find you a quality renter.

In Los Angeles, $385K won't even get you a 1 bedroom condo with a caved-in roof and negative cash-flow.It was bad enough 2 years ago, but now with the Rams moving back and the new stadium under construction, things have gotten bat guano insane.

So, figure out ahead of time how they can pay their rent, as you don't want them to give you a lot of cash, as that could be dangerous to you, if some bad people detect a pattern of you carrying a lot of cash. 

Doesn’t anyone see this as a good or bad offer ?

A example would be if the engine is bad.

Here are some good and bad things about this.In my market real estate is expensive so it's very hard to make things cash flow.

People with bad credit are penalized by the availability, amount, and cost of capital.

I mean how you you like to earn up to 160% on your money year in and year out, it is not bad really but it is different than working so hard to earn 12% to 17% through renting your properties out and dealing with all the management required.

I personally don't like 30K houses in bad neighborhoods with lower returns.

With bad credit and little to no cash, what steps must I take to attain a rental property