If you want a fixer-upper, a good contractor is also important.  

And it is an "ugly" but safe fixer upper that we can get for a great price and have positive cash flow after we rehab, live in, move out, then rent.

We did the live in fixer upper in Cypress just last year and did it before in Glendale.

Years after first becoming interested in real estate, I finally made the jump in early 2015 by purchasing a fixer upper as a "live in flip."

But, we do realize there is still an upper limit in this neighborhood.My realtor friend who brought us the deal off market said we should be able to renovate the house for about $20-25K.  

I would think it would be tough to manage a fixer upper from CA.

Has window on the upper part of wall.

I am in the process of writing introductory letters, however, I'm not sure whether to address this in the introductory letter and follow up with an official notice to vacate -OR- write the letter with the same verbage used in the upper tenant's introductory letter with no mention of the last date of the rental and follow up with official notice to vacate. 

I'd like to increase my portfolio by buying fixer uppers at a discount, perhaps with cash, doing some rehab, renting and then refying those properties to pull the initial equity out.  

I have a friend who is eligible for a FHA loan, and interested in buying a light( only minor mostly cosmetic repairs, paint etc.) fixer upper to eventually rent out.