The Bigger Pockets podcasts' are commendable, especially in terms of practical tips they offer.

The ROI on buying a SFH around here just doesn't make sense to me--on larger MFH, you might be able to find something, but I don't have _that_ much to invest.So, I'm looking out of state for my first investment to purchase in cash and see a small start to additional monthly cash flow, rather than letting the equity in my primary residence sit and do nothing for me.I've spent the last couple months listening to BP podcasts, reading a couple books, picking the brain of a realtor friend, talking to a mortgage broker, discussing investment accounting practices with my CPA (which, once again, confirmed to me how absolutely stupid and suffocating California's tax code is), and talked to a couple turnkey providers.I'm getting close to feeling comfortable in purchasing my first investment.

Not saying it is the best practice but it really boils down to the sellers motivation and it is a liquidity play.

It is a shed, not a living space, practically no bldg dept are interested in it.

Either because of time, disputes, title or condition, the person or people in charge made informed decisions that resulted in a practical resolution to a problem that listing wiuld not have provided. 

.), the worst that can happen is that you simultaneously go over-budget on your renovations, lose tenants and fail to refinance.If you have significant cash reserves, you will be fine.

I don't know how these guys who are artificially inflating the markets are allowed to continue this practice - they should be shut down. 

Yeah i met Trent as well turns out we are practically neighbors!

Newbies like myself find encouragement when hearing best practices.

But then practically speaking who's willing to spend that much money and take that much time on something that could still be a crap shoot.Now having said all that, because the home was built circa '20's you may be able to get your local historical society interested in the project.