It's really close to commercial which may not bother prospective tenants (I'm not sure) but I'd be leery of holding it in my long term portfolio without more investigation and an exit plan that involved more than just a residential rental If it's the one I'm looking at on Google Maps then it looks like it's all wood siding (many investors I know hate the old wooden siding houses, not sure why.)

seems like it's worth to investigate further on this topic!

On or before COE, Buyer warrants to Seller that Buyer has conducted all desired inspections and investigations and accepts the Premises as is.

I have some preliminary landlord experience as I've had several roommate "tenants" over the past few years.My goal in a RE investing business is to start by selling my current home and using some of the capital I've saved to buy some investment properties that I could rehab and turn quickly enough to build some additional capital over the next few years.

IMO, if you can't crank out 10M in loans a year, it won't be worth it.You may want to investigate originating loans as a broker and be licensened to fund your own loans in CA.

I will investigate.

The plan is preliminary and could change.

However, all it takes is a report to the housing authority and they start investigating and usually nip it in the bud.I am working a newly constructed condo that did not fly because of the lack of availability of financing.

In fact, we have had preliminary talks about partnering up on deals in the near future.I look forward to all of the knowledge and and advice I can gain from this site.Thank you for reading!

This guy was using contracts to broker without a license:https://www.myfloridalicense.com/sto/unlicensedact...Once you get that "badge" it never goes away:)There are hundreds more..and several are under investigation as I write this post for brokering without a license.