I'm under contract for my first investment property. 

Here’s a revised version:Hi everyone,To summarize, I’m looking to buy another property in the same zip code, and I’m considering two options:1.

I would make a site visit to where they live now and see how they treat the current property.

Plus, investing in a developing area gives you a chance to see your property appreciate as the neighborhood grows.However, there are some things to consider.

It was a slow start to the initial spring 2024 shopping season, but properties are still closing quickly, still nearly 1/4+ for all cash and the majority of investors are well capitalized due to the appreciation of their real estate and stock based assets. 

--strong financial results for property owners.

A rule of thumb I use to advise my clients is: 1) the loan guarantee is worth 20-25% of the deal, 2) finding and vetting the deal is worth 25%, 3) executing the business plan for the property is worth 25% (i.e., overseeing contractors/property managers, etc.), and 4) contributing the money is worth 25-30%.

Does anyone have experience purchasing a mixed-use property on an auction site sold "as is" with a quitclaim deed?

I am selling a property in CA with a pretty hefty gain (great!)

The easiest way to get around any of this is to hire a competent property management firm to handle everything.