Lemos: Quote from @Jay Hinrichs: well there is a few ways you can do that.. and Assignment gives the world notice that you own your % as its recorded at the county recorder. 

I personally like to do the texture patching because I am very good at it, but it is a hassle, and I feel like I should be able to charge them for it.

Foreclosures force the owner to sell because missed payments, probate forces heirs to sell a family members home, liens ultimately force a person to sell there homes to pay what they owe in tax/fines etc.

Personally I always recommend replacing the utilities if they are older, because they become much much more expensive if a tenant is living there and you need to replace same day.

Best to use your own numbers to calculate rehab costs, but I understand it is difficult starting out.

That's the best way to get into investing; holding the property you own and renting it when buying another.

Keep reserves. 80% of buyers experience a major unexpected repair in the 1st year of ownership.4) Talking with an agent who can help increase your knowledge of the process and owning a home. 

I'm currently in tech and own a few rentals and was intent on starting a house flipping business a few years ago for some passive income and something to fall back on.

Capital ExpendituresNo Property management because I manage my own.

Once we had the home inspection I was able to have the seller credit us at closing $8k...of which the escrow could not credit the entire amount and so I had the seller write up a personal check for $2000 How did you finance this deal?