Apparently they were getting foreclosed on and they had a bunch of large dogs.

To me, I target being all in (my purchase plus my rehab) at about 70% of the ARV.That, to me, is a fair number but also a number I know I can usually make good money on too.

I quickly viewed the thread and was surprised not to see mention of Fair Housing rules/regs.

I use it and know it works because it has put a bunch of money in my pocket over the years.I use it every day in so many ways to plan.

I am not sure if it's the best or right market, but it's a drive away (as opposed to a flight) and there seems to be areas that are cash flowing steady.If I understand correctly, you're looking for a 30%+ return ($30K with $100K investment) - to the best of my knowledge, that seems to be fairly aggressive for rentals - maybe you can get that return on fix and flips.

You are right, try making a fair profit several times not the one killer deal.

Although they all have a bunch of small rooms that seem to cut the whole house up.Still.

This will not be maintained by he city and if there are a bunch of uncooperative owners we will be in big trouble when the parking lot becomes unnavigable, which will be soon.

Raj, You have a bunch of options for this method.

Account ClosedJust the escrow fee nothing else is fairly common to split 50/50 in Southern California.