It soon became summer and with my kids out of school (a 4 and a 7-year old), we spent a lot of time as a family at the home.

You can immediately refi at the lenders LTV for the purchase price, and perhaps cash spent on improvements.

You can check with tenant rights groups to see if the terms he offers are legal in California but if they are and you can't afford the new rents the story is over and unfortunately your energy may be best spent looking for a new place.

I hope that you have a good time and that is worth the time and money spent.

Hahaha @J Scott - not only did he talk to me, but he bought my lunch (trying to be lika @Brandon Turner ) and spent like hours...I mean hoursI duno what I got to do, J :(

I just spent the day looking at proeprties I funded for turnkey ... and they were all pre rented.. so they were rented during rehab.. bates hendrix  irvington etc all B areas.. i will not play in the C - areas too much turnover and risk.. 

FULL STOPHe should not be considering the deal for buy and hold residential unless the rents could be raised $500 a month each without any more being spent.

Ask to see documentation, such as an award letter.This is a excerpt from the Social Security Administration website:Your child’s regular monthly SSI payments can be deposited into your standard savings, checking, or money market account, but you will still need to accurately track the manner in which those funds are spent and report that information to the SSA as required.Monthly benefit payments can be spent on everyday living expenses and daily support needs.

Let's just say he spent about a good 15 plus minutes bad mouthing the property (claims were baseless) and suggesting ways that I could get the seller to decrease the price.This worries me.

We spent about $500 on repair and reno costs and millions of manhours of our own labor.Earlier this year, we bought 2 more, bringing the total number of rental properties we have up to 5.