Is it feasible to dump a bucket load of money to rehab?  

Oakland is large but traversing it is actually pretty quick.Feel free to reach out if you'd like to grab a drink or chat.  

I know the thing that sold me was actually driving around and realizing that the areas I was looking at were much nicer than I expected.  

@Jake ValkuskyThis is actually a complicated question.

I understand liability, but when it comes to the actual property it seems to be that making a claim is a long shot, the deductible is usually large enough to cover repairs due to problems that nature occurs.

Everything I found actually showed it was a significant cost.

I actually do have questions about wholesaling.  

The LLC (being taxed as a partnership), will report the property's gain on its LLC tax return and will issue Schedule K-1's to each partner/member reflecting each partner/member's allocable share of the property's gain.The LLC (again taxed as a partnership), will not actually pay any tax, the LLC partners/members will actually pay the tax on the property gain at their reporting level based upon what was reported to them on their respective K-1's.

Redfin seems pretty good actually.

I actually bought a 4 unit a mile away for $45,000 last year but that needed about 30K worth of work so I feel this is about right as this one is turn key with no repairs needed.The seller financing deal - Sales price $63,500Cash at close from me $50004 year note @ 4% for remainder ($58,500), monthly payment of $1000 with balloon at the end, no prepayment penalties.Monthly projectionsIncome =     $2200Expense=    $220 management                     $220 CAPEX = No problems yet but "Unknown age" on the roof and owner has had property for 20 years                     $480 Insurance/taxes = Total taxes for 2017 were $4982 on assessed value of $78000 plus $600 a year for insurance