All of your set criteria are well attainable in this area, and you can also find a broad price range depending on many different factors, HOA vs non HOA, etcThere are many local property management companies that offer the exact service your describing.

There is a lot of room for making expensive mistakes if you try to do BRRRR remotely for your first property or two…There are several markets across the country that match what you describe above.In any case, happy to chat more and share anything information we may have if you are interested, do not hesitate to reach out, connect and DM.

I would be much more comfortable purchasing what you described if it were in City Heights, with a history of lack enforcement, than I would be in poway were the illegal units would have a high probability of getting shut down as additional units.  

The buyer would have the option to end or renegotiate the deal since the information presented describing the property was materially incorrect.I disagree that it would be obvious to the buyer that a property is 1.5 versus 2.5 acres.

Here's my breakdown.Budhoo was charging $950 to a tenant who is described as having bounced around in lots of jobs and at the time the rental contract was made, was working as "a cook making $700/week."

Chris What you describe for the person losing the home if they dont have a ton of junior debt is a wind fall.. they get the overage :)I have seen many times were owners that lost property got far more money losing it then trying to sell it..

True wholesalers are investors they buy their inventory mark it up usually do a little spiff job on it and resell. what is described as wholesaling on this site is just pimping contracts and in most cases in an illegal fashion.State of IL cleaned it up License required.. 

I say this because the Federal Aviation Administration is warning air travelers about what it describes as a dramatic increase in dangerous behavior aboard passenger airplanes.

Hey David,Thanks for the reply and the info, I think what you described is exactly what I plan to do after talking to more people in the industry.Thanks again for the reply. 

In that case, you have to play by the rules that the state and federal authorities set up for how these private investments must work.It’s way beyond the scope of this article to describe all the rules, so I’m not going to try.