AND - full disclosure -  I am a lender and lend in in several states to Include CA. 

Following another incident the following week, I provided both tenants with evidence from the plumbing company, including photographs of the clog and an itemized bill.

Nothing huge, but it did take time.We knew the first year was going to be slim as a new listing but overall it worked out well for us.Our current search has included some basic cosmetic fixers as we are in the same position.

Tenant selection and screening are great determining factors in this as well.

Figure out your risk-adjusted return on investment (including your carrying cost of $1k/mo.) and the return on alternatives.

I had been planning to sell next year when there aren't 5 other homes in the area, including neighbor, selling with days on market >14.

Can anyone explain what zillows application is lacking and if I can do the rest of the background screening research on my own or should i just opt for the more expensive applications and let them handle all the background stuff?

Excellent tools covering market research, financial planning, and a variety of investing methods are accessible.Examine several real estate investing categories, including multifamily, commercial, and residential properties.

The lawsuit cannot usually reach the property value that is included in the loan, so this makes the prospect of taking the asset much less attractive to seize.Additionally, as a side note, if you have multiple properties with high equity, placing them in a single LLC is usually not advised, as a judgement on a single property can then reach the other properties if they are all owned in the same entity.

Cash Flow Analysis: Conduct a thorough cash flow analysis, taking into account all expenses, including property taxes, insurance, maintenance, and potential vacancies.