Do a comp analysis to see what the market picked up and at what price, of apartment same type/age in the area.

They owe 68k, it does need some work, I’m willing to put in the work to bring the value up if I can get it back on the gift, it should be worth about 200k, the house next door sold for 225k.How does gift of equity work?

There is an $80,000 assignment fee so we ended up paying a bit more but our only down payment towards the building looks to be 30k.

They'll have resources.Also - check with your real estate broker regarding asking the seller for a credit (FHA allows seller credit up to 6% of loan amount) toward paying closing costs. 

I'm also based in The Bay Area.

A few things to consider when starting out:1) Be sure you have liquidity for the down payment, but also a healthy reserve account, since unexpected costs will come up while owning real estate. 

Hello everyone,I am a newbie real estate investor based in Toronto.

If you are ever forced to sell, or you end up with toxic tenants you might be finished.

if you can "pay the HELOC off aggressively," then you should just... save up a down payment. 

if bigger pockets partnered with hospitable, does that mean we can sign up for free?