It took a while to find a lot on which to build here, but we finally found one in Lake Forest, CA that was an REO (house had burned down) We built a new 2350 sq. ft. house, and actually had a buyer before the land escrow had even closed.

I have a friend that is similar to you size wise-she has 27 units-and has done at least 30 flips (that I know of, probably more) and she's stopped doing flips recently as she is burned out working with the construction workers and the headaches that that entails.

Then when you have the money just follow the exact same model that you used to make THEM successful and jump into the game yourself - SAFELY and armed with knowledge.If don't have the time nor resources to enter the biz in any capacity to learn it.. then you *MUST* hook up with a local investor and possibly partner a few deals with him/her - its just really rough out there alone bud, I've been there... seen it... been burned.

Multifamily properties, I think, would be a great thing to go after with direct mail - because a lot of landlords are just burned out and may wanna sell - with less emotional attachment.

If he burns down your house and you knowlingly hire an unlicensed by the state electrician.

We purchased a lot in Lake Forest, CA that had a house that had burned down, and we paid $175,000 for the cleared lot.

The reason why most don't is because they don't take the necessary steps to get there and burn out before gaining any steam.

One being if they do below standard work you could have more expense to fix it than would have been to do it initially, or worse if they do DIY electrical ect you have no asset because they burned it down.Two use the search bar up top and use "equitable interest".

They had already been burned (big time) by a guru & all they had done in 6 months was post bandit signs !!

They are under rent control so they know they would burn through whatever money I gave tuned with just paying market rates for rent...