Leaky pipes and water damage don't necessarily make a house inhabitable.

So, I would start by writing a formal offer on paper, either on a standard state contract (if you have one) or on another reasonable contract template.

Without reading the article (I heard about it on the news) I'd say we now have enough national data to come to a statistical view of the national situation, that doesn't mean that every market is above water.

Put cement board and ceramic tile above ,,,not those cheap surrounds.insulate and plastic sheath as necessary.Nothing is water proof, only resistant.

The plan funds the transaction, the property is properly titled and John earns a standard commission which he puts in his "personal" RE business.

You should be buying every property using the standard formula which is 65-70% of the ARV (after repaired value), less repairs, less your wholesale fee.

Which is safer for the line, and do you mix it with water or just pour it straight in?

I'd like it to be reasonably close (I'll be living in Marin county).Considering my limited capital, I'll need to start in lower end areas, at least by Bay Area standards, but I'd rather not have to bring an armed escort.Some options I'm considering are:OaklandVallejoSanta RosaNapa/SonomaVallejo in particular looks interesting.

Not sure also how many water bills and weed cutting assessments he will be faced with.

This is simple watered down way to do it but at least it gives you a idea quickly on the profitability of the asset.