Call up code enforcement and ask them about these violations (if they are known to them), then perhaps hire a specialized inspector to just go in and give you a specific report on all these violations - nature, solution, estimates...with pictures.

-When your contractor specializes in "Cheap and Cheerful" it will always end up NOT cheap and far from Cheerful.

You are going to need very specialized legal and tax help on this deal.

According to the county clerk's office, the deed is a "Special Warranty Deed."

Hi Andre,Welcome I'm new here also...I specialize in creative financing but I also co invest buying inexpensive homes in the Upper Peninsular of Michigan..reselling holding the first mortgages the ROIs are amazing if intersted give a a shoutBill

You know the way it goes.We need those few special people.Limited seating available, hurry and call now to save you a seat to real estate riches.Has anyone ever looked into these guys?

You get the cap rate for the area from the mortgage broker who specialize in the product you’re buying (multi-family).

Putting aside past due property taxes and possible forthcoming special assessments for the code violations, are you sure there are no other liens against the borrowers?

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing or vacation rentals.

I've heard that the nursing unions are very strong in California, I just didn't realize the earning potential of nurses was so high unless they specialized (i.e.