If those are the real numbers, it should not difficult to find a HML would would loan you enough to buy and rehab the house, as well as some for the additional transaction costs and holding costs.

I have always either run another business or been an employee in addition to my investing.

In addition, agents talk to each other, and I suspect that your name would be trashed all around town if you went around your agent.I have bought a bunch of REOs and the fact is that dealing with banks is extremely frustrating.

In fact, if you want to pay off 25-50 rentals, you could do that faster by owning 75-100 rentals and applying the cash flow from those additional units to the 25-50 that you want to pay off.

On top of everything that is happening, CA is looking to slash the budget an additional $4.5 Billion AND add a $4.4 Billion tax hike!

I've been through the file and I know what the balance is and what the bank is trying to recoup from the additional costs.

Additionally, older units are less energy efficient than new models, which can be a factor if you ARE paying the utilities.

You could be a great addition here.

In addition, you'll get sacked with some sort of fee for vacant properties (not the property themself, but in finding tenants).

Point Break was a cool flick.