The thing about this neighborhood is it is not a mobile home park, the lots are big, and there are a few lots with very nice brand new brick homes owners have built, and others with older homes as well.

.-14% interest -6 month seasoning before refi- 2-3 points- I have to put 20k down ( points included here)-Purchase price 68k-Rehab price 3-5k-ARV 115k-130k ( not many comps in the area)I will be renting the property for $1400 a month Please let me know if you see anything wrong with thisThanksBrandon

I'm brand new to real estate and I'm in the phase of taking in as much information as I can.  

This depends on many factors, including the frequency of flipping transactions done by your Solo 401k.

Both are included in the listing, but are on separate tax parcels.  

You are put in the position of having to accept their title insurance (which frequently includes exceptions) or losing your deposit. 

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

@Varinder KumarIf the cash flow from both properties covers all three mortgages (including the HELOC), and there's positive cashflow left over than you should be good.

I am looking forward to contributing to the forums, especially topics including: financial analysis and underwriting (a class I teach at UCLA), leasing commercial properties, and flipping v. renting (via my former position at American Homes 4 Rent).

So here is my case for So Cal:- Advantages of local including expertise, cost to get to property, able to self-manage if desired (typically ~10%).