Usually, once they see the property is being cleaned up, deferred maintenance is being done, the good ones stay. 

Most of the investors investing in Sac have very conservative DTIs, solid credit, healthy reserves, etc.In terms of neighborhood level type data, I'd defer to @Wes Blackwell.

You may miss an opportunity for tax-deferred gains on any sale of that former primary home... 

Lastly, a landlord that just quits maintaining the property is an awful person to have to work with, but hopefully they understand the concept of deferred maintenance, how expensive it is to catch back up and are willing to sell the property at a price commensurate with this neglect.Good luck!  

Also, check thoroughly on deferred maintenance.If you're prepared on all those counts then go for it! 

It sounds eerily similar to an IRA or 401k.. if you want to defer quality of life, you have no business investing in real estate.

Next morning my agent lets me know in response to our request to see the property the owner decided to take it off the market, fix a few deferred maintenance issues, and may later relist at an "improved price" according to the listing agent.

Hi @Sophia Maler, if you ever want to take your appreciation out of CA and defer your capital gains, you might want to also consider syndications if you qualify as an accredited investor.

Assuming you could get the borrower to cooperate, they aren't going to short sale a property to you without it being listed on the MLS and being exposed to the market first to maximize their recovery.I'm sure there are a thousand exceptions and that many people have successfully navigated through similar scenarios but cancelled lawsuits, incomplete foreclosures, property abandonment, absentee owners/borrowers and assignments of deed just complicate an already complicated process even more.You have two liens totaling $170M and deferred maintenance totaling another $11M.

I don't want a PM deciding to defer HVAC maintenance or not patch a hole in the roof for 3 months because their kids need braces and that profit sharing would help.