A quick google search reveals Rancho Cucamonga property has appreciated 61% over the last 10 years, so if this trend continues on pace, you'll be looking at about $30,000/yr. appreciation which breaks down to $2,500/mo. profit.

she has owned the property since 2001 and the property has an attractive exterior and freshly painted interior featuring hardwoods and ceiling fans in all rooms.

This question has since revealed to me that while I have measurements to enter the market, I need to develop measurements to exit the market as well.

Getting a HELOC on a fresh rental is going to be tough.

Formed the LLC 5mo ago and have done one wholesale, in the middle of rehabbing 2 and have 2 more under contract that will close in the next 2 weeks.I think you can move faster than I did but being fresh out of school and being recruited away from my first job into the industry i really wanted slowed me down a bit.

Great posts -believe it or not, some do spray paint freshly installed stucco...not the right way to do it but they do it all the time.

They either start to give a major attitude about the pet and reference problems with the house that were never revealed until the pet discovery.

From prior experience I have found it cheaper to just use the companies specializing in drain cleaning and who have cameras in case there are issues that need to be revealed.

Just explain the situation about your income requirements (and that she doesn't have a job and is fresh out of college) and you need to have co signers in these situations.

Much more analytical than financial institution examines it looks like, as they are looking for trends and analysis that reveals compliance issues rather than so much as on an occurrence basis, can't tell so much yet.Anyway, as to the issues, take care when reading that you are not reading what pertains to lenders, "lender" will be regulated lenders, not necessarily you as a seller financing type, so understand where you are and what is applicable to you as an investor type.Slow down Cowboy Curt, they'll get screwed up reading "lender" exemptions, applications and Originator requirements without understanding the differences.