Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

My goal is to eventually get to a higher cash flow in the years to come and simultaneously build equity in the property.  

Maybe it’s the commercial lender in me, but I think it’s good business practice to retain, or at the very least have access to, all notices and documents that were given to the tenant.

Feel better knowing it's standard practice.

You wouldn't be able to simultaneous close a HUD house.

The wholesale market is wild, unregulated and although I agree that someone who doesn't have a fair business practice would not survive for long, those bad apples effect the rest of the industry.Chris, if I thought that the person who offered me that property is doing something illegal or grossly unethical, I would exposed that person on this site.

Hello RE friends,In an effort to move beyond theory (e.g. reading, speculating, postulating) and into practice there was a need to invest in a commodity.

It turns out that reporting TO THE AGENCIES is not practical.

The last two are practically non-existent in our area of Southern California.I have a few wholesalers out there looking for me, but none have brought me anything.

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you:Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.For instance, I know that a full gut and remodel including new toilet, new vanity, mirror, sink, glass door enclosure, stone/tile on shower walls, etc will run me $2500 per bathroom.