Foreclosure listed at 68,000 with ability to negotiate (however only on the market for two weeks so far).

The ability to withstand any kind of downturn with sufficient reserves is a great way to keep yourself afloat and in the game.

Now, ab1436 is a bill that I’m sure will become law here in California.

I would then want to know if there are any access easements to the rail line or restrictive covenants on the property which would negatively impact my ability to develop the land.Lastly, my concern would be environmental.

This benefits me, because I'll still collect the rental payment and have the ability to evaluate the tenant before anything more long term is signed.

Appreciation is locked and cannot be reinvested, if you get a HELOC you are still arbitraging it, paying interest on it and taxes so arbitraging is not as easy as it sounds.Cash flow can increase income which provides more borrowing capacity and ability to reinvest that money.Again, not disagreeing as cash flow pays bills and appreciation builds wealth, but you have more control over cash flow than appreciation and if appreciation goes negative for a few years it takes a while to recoup.

Banks have the ability/authority to bid higher or lower than the mortgage payoff amount, and I've seen it done a couple times where they have, but for the most part, they will bid up to the payoff amount of the lien they hold.

But you better have nerves of steel, a decent budget....and/or the ability to do a lot of the fixes yourself.....Good luck!

At SXSW I saw one of their people and they said they will have the ability to get bids on jobs like cleaning, painting and such soon - I assume this is how they make money. “ Ben TravisPros: they are new and offer free operations for landlords and tenants Cons: new company, not mentioned on BP much Cost: “We get paid by service providers - like insurance companies, plumbing companies, screening companies, A/C and heating, moving companies..... oh you get the idea.

., Excel ability, was a Math major in school)Developing efficient, scalable business processes and getting creative with incentive alignment to ensure everyone is working toward the same goalA deep belief that conscientiousness, integrity, and a genuine interest in and appreciation for everyone's personal goals is the only way to have a team firing on all cylindersImmediate Next Steps: Find a lender to get pre-approvedTake a drive around the area with an expert to learn the ins & outs, and begin churn through deal analysis in the neighborhoods most applicable to meAssemble a team so I can move quickly when the right deal presents itselfI’d be thrilled to receive any help or guidance with regards to the above next steps, or just meet anyone active in the area!