Is remodeling allowed--replacing carpet with tile, new cupboards, ceiling repair, updating a bath, for instance?

:lol: We did the walk-through this AM, and there is work to be done: minor repairs, painting, cleaning, etc.

My bedroom ceiling has been repaired, and there is now a hawk and trowel finish on it.

I like the idea of an lease option, but I'm concerned about putting a lot of money into repairs and trusting the owner to not get forclosed if he owes on the property.

Most can be done by a handyman.Those include simple items to a few warranted items, and more costly, such as some cabinet repair, some exterior rear door jamb/framing repair, and including my not warranted thermal windows with condensation.

If selling, you need to pay no more than about $98K, less repairs.

Very hard to have positive cash flow in CA on a sfr, unless you buy it with large down payments.As far as the repairs/maintenance factors mentioned by Ovetta, I disagree with the negative perception.

The house has a mortgage of 50,000 (3 bed room , 1 and a half bathroom)Houses in that neighborhood are worth about 75,000 The house has about a ballpark of 20k in repair.

So you need to sell the property to another investor preferably @ 70% or below ARV (After Repair Value). 8.

I don't know how the credit repair companies work for short cuts.