See if it would be possible to either capture the property closer to $220,000, or see if there is any way that the rents can be raised with minimal expense on your end (may clean up and fresh paint can increase the rents from $2,200 to $2,400 or higher) or a combination of the two.

Over the last 18 month I've picked up 9 properties for buy and hold.I'm looking for a good CPA that knows Real Estate that can help minimize my tax liability on these properties and help me build a tax strategy / understanding.I have a full time day job but manage the properties myself.Any recommendations here in Southern California?

But for a minimal investment that you should have no trouble recouping, it sounds like a good experiment.

I will point out, there is a growing practice that recently foreclosed homes must be or should be listed for a minimal amount of time prior to accepting an offer.

You or a paralegal will have to pull the foreclosure file and verify it is processed correctly to minimize any exceptions on the title policy.

A place with no (or very low) monthly fees, and minimal transaction fees, and2.

I think you should sell the house and take the minimal loss now before it gets any worse.

77.5K for a property that rents for 1200 with what sounds like minimal repair work is a sweet deal!

As we know, a real deal never makes it to some public "list", and most of them were at ARV with a LOT of exaggeration about ARV and minimal rehab costs.

And if so, how should I proceed to minimize the bad feeling of the first lender?