If you still are a California resident, you may want to consider using a tax preparer who is familiar with California and its excentricities (and obviously someone who is strong with real estate and its unique tax issues) rather than someone located where your investments are.

You can offer to lend the seller money to stop the foreclosures. 7 or do a lease with an option to buy - making up the back payments that would be considered you advance lease payment.Always look at the property if you have intentions of bidding at the auction (this can be tricky because you need to do that with the owner's permission - do try to build a rapport with seller  - also look at the foreclosure suit to find out what the bank is looking for and if there is a second mortgage or other liens.At the court house steps when the auction take place you need to be well prepared with your certified funds but more importantly you need to know the fast sale value of the property - you don't want to pay retail.Get to know your competition - there will be professionals at the foreclosure auction looking to capture some serious equity.

I would prepare for that conversation more than I would worry about rates of return.  

Now I think you can certainly try but I think you need to be well prepared prior to the attempt.

Prepare yourself to take any recession in stride!

He must also take steps to vacate the unit and prepare it to re-rent.  

If any of your tenants have already signed a lease for the next month, then you would need to have your lease prepared for the month after that.

It says to a lender that you didn't prepare and did not have enough cash reserves for even a minor blip in income.

If you want to buy in Chicago, I would be prepared for higher taxes.https://www.city-journal.org/html/chicago%E2%80%99s-debt-dereliction-15497.html

Cleaning and preparing to paint may also include Primer coat first especially in Bathrooms or Kitchens. number 2 is good always match the doors and hardware. number 4.