So I'll try to make a long story short.

As long as you have at least 20% down, assets for reserves + closing costs, and your rent covers the debt service 1:1 - it should be a green light just about anywhere.

It was foreclosed for 75k, someone flipped the property and we bought it for 200k from them.

Hi All,What are some tax implications to keep in mind for flipping a single-family home in California?

This will be my first flip.

When they see a long list of things wrong with a house it puts them on edge, but I think we all know most are not really that bad.

Rents per unit are about 1K for long term tenants, although I'm likely to do STR or at least a combination of the two.

Has rent control worked anywhere on the planet or fails every time in the short & long-term.Why not have price control on college tuition, food, interest rates, new vehicle prices and energy ?

I provide private lending for Fix/Flip and BRRR projects.Outside of real estate, I enjoy spending time outdoors with my wife, twin boys and golden retriever.Excited to learn and connect with you all!

Many people who are long term renters can't save enough money or have problems with credit, hence they are still renting.