Boarding up the home:Secure the unit ASAP.Measure up the windows and bring the measurements to depot/lowes and have them cut the boardsConsider painting boards to match the color of the exterior to minimize blightBring a REAL camera.

As a Californian myself, I know that it is virtually impossible to get anything to cash flow and even if you could get some minimal cash flow, the ROI is so low due to the high cost.

They tend to be fairly low risk, straightforward, and will generally take a minimal time to learn.

This would be a smart way of minimizing heating expenses.2.

The cost to me would be minimal.

Given the capital and credit situation I find myself in, cash investments in small quality properties concentrated in a small well researched farm area has allowed me to maximize my return and minimize my risk. at some point I will need to let go of some control and hire a local property manager or set up a group of investors to mutually manage our properties.

Rapid expansion can cause troubles too but being forced to wait 6-12 months should minimize that.

Minimize your payment.

Could anyone please suggest best ways to minimizing the amount of taxes you pay for properties you buy, rehab and flip for profit in a short couple of months period?

Your risk can be minimized by doing your own due diligence.$65K for $750 in rent is not a good deal.