I have a tenant who moved into my rental in California in Feb this year.

Are there any Auction.com gurus out there that can help me figure out this deal?

I want to mail the owner and ask to buy this property.

What are the pros/cons of this?  

Steady appreciation in home values also means that investors can see strong returns in both short-term flips and longer-term holds.Areas like Midtown offer more high-end opportunities, while more affordable neighborhoods like Frayser provide solid entry points for investors just starting out.

First time investor here, taking equity out of my home (bad idea?) 

Does anyone have any experience with this?

Does this type of perk actually help get more listings or closings? 

This would be our primary residence.

Question, if you have loan, interest bearing only, the loan has the Contruction loan that has not been paid out yet.