Fed data is currently showing the national average is 3 months supply your market may vary.You can find this data using Zillow, Trulia, Redfin, etc.

The #1 problem is that the institutional investors will pick up on this if it goes to market and they are seeking discounts...so your $1.4 gets offers of $900k-$1.1m...too far to bridge the gap.

However, fair housing laws as interpreted by the California courts make the process a little more complicated.Fair Housing FoulThe Unruh Civil Rights Act and the California Fair Employment and Housing Act prevent landlords from discriminating between would-be tenants on the grounds of their sex, race, color, religion, sexual orientation, marital status, ancestry, national origin, source of income, disability or medical condition.

Erik Martin Those institutions you listed are on somewhat different ends of the lending spectrum.

What's up BP nation!

@Felix Badillo there are many opportunities across the nation to achieve exactly what you outlined in your post.

Not to mention tax districts - though AL has some of the lowest property taxes in the nation, you still don't want to pay more than you have to.It may be that investing in another country is a necessity for you -  I don't know anything about the Israeli market.

Probably the single most asked question on BP Nation is this, "How do you accurately estimate rehab costs". 

It will not have liens on it, and property taxes will be paid by the bank/financing institution at closing.

Sacramento is currently the #1 rental growth market in the nation, with 10% year-on-year growth.