Since I live in California I was wondering if anyone have experience on here regarding forming a Real Estate Fund or know of anyone that does? 

We have a property we very much want to buy where the low utility/property tax bills would allow us to be able to thrive living in with our limited income, so we are hoping to sell immediately.

Actually Doug most of them were living in their Mothers garage and well found this system and they are now driving lambos etc.. its a common housing situation for the guru ..

More than four months rent were lost between missed rent payments and legal fees to evict the tenant.The next tenant was much better, but had frequent complaints regarding legitimate problems: -bathroom sink hot water knob that didn't work-rat urine smell coming from the vents-water leakage from the toilet(I understand that problems occur, particularly with properties of this age, but it was surprising/disappointing considering I paid Ohio Cashflow $64.9k for a property they bought for almost half the price, then, even after having done improvements, still required frequent repairs.)3.

Did the lease specifically say they pay for water? 

Are you analyzing the deal as a rental after you move out, or just while you are living there?

- My Lender suggests I live in the home for a year or so to benefit from the lower interest.

We allowed the place to do needed repairs-water line running under state route 31 was a big project.

@David Nino three buildings that make up 14 units, a W2 in a state I don't live in.

. , my primary partner, Brian Walsh, and I both live in Greenville County, Greenville, South Carolina, and.