to give some feedback, you will need to estimate the cost to repair the house; if you don't know how to do that, we just need some  information of what the house needs and the sqft of the propertyIf the house is, as an example, 2500 sqft, and It looks like you are stuck in time back in the 1980s, but the AC is working,  the roof is ok, and there are no foundation, plumbing, or electrical issues; I can assume maybe a $20 per sqft, so the rehab is about $50K to 60KIf the ARV is 290K minus 10% closing/holding costs, - minus 20% profit - $50K rehab, ideally, in this example, I need to buy the house for about $150K to flip it, but as a landlord, I may be able to pay a bit more, as long as rehab is not too much, and rental is about $3,000 to $3,500 a month

If you sacrifice short term profitability on your PM company for the long term benefit of building the PM company that will manage your future portfolio it should pay off.

Check out California Fair Plan.

If a tenant does not want to pay, a court can agree with the landlord but the court does not guarantee the landlord financial results, regardless of the lease.

Think about it. "10K a day" of Boomers retire, and many of the "S" type business owners really didn't develop a plan for how to exit their business.

@Rowan KleckerKeep looking at deals and then calculate in the exit plan.

Anyway, im planning to turn the old one into a 5 bed 2 bath airbnb.

I wouldn't likely/necessarily be mailing a lot of letters for example.But mainly, I would pay for a service that offered me the closest thing to an instant/on demand "preliminary title report" , that is something that greatly "simplified" initial research, preliminary only of course- based on apn.

I'm trying to figure out a strategy on buying real estate from the seller (no lenders involved) on payments, adding value and reselling it for profit and thus, paying off the original seller.

Most of the units I owned have room partners so they pay rent by their own individual bank ACH.