Using the 50% rule, I thought I'd be able to make this property cash flow but after diving into the numbers a little more closely I have determined that this probably won't be the case.

Personally I am also looking for ideas or just links to posts about determining whether selling or continuing to rent is the smarter choice for the unit.Thanks so much.

Step 2: Make sure loan is actually assumable and get payoff to determine price of home.

Provided that the issuer of securities does not otherwise have knowledge that such person is not an accredited investor, the issuer will be deemed to have taken reasonable steps if:with respect to purchasers who are accredited investors based on income, the issuer reviews IRS forms that report revenue (W-2, Form 1099, Schedule K-1 or filed Form 1040) for the last two years and obtains a written representation from such person that he or she has a reasonable expectation of reaching the income level in the current year;with respect to purchasers who are accredited investors based on net worth, the issuer reviews bank statements, brokerage statements, other statements of securities holdings, certificates of deposit and/or tax assessments and appraisal reports issued by third parties in order to verify assets, a consumer report from at least one of the nationwide consumer reporting agencies to verify liabilities and obtains a written representation that all liabilities necessary to make a net worth determination have been disclosed (all information reviewed may not be more than 3 months old);the issuer has obtained a written confirmation from a broker-dealer, a registered investment advisor, a licensed attorney or a CPA that such person has taken reasonable steps to verify that the purchaser is an accredited investor within the prior 3 months and determined that such purchaser is an accredited investor, andfor purchasers who previously purchased securities in an issuer’s Rule 506(b) transaction prior to the effectiveness of Rule 506(c), a certification that such person is an accredited investor.A simple Google search has a bunch of third party verification services.

There are likely more hard money lenders in CA than anywhere else, so money is available here.Something left out of your info is how much money you plan to invest hitch could be another determining factor in your decision.

Your network will determine your net worth.

@Supreet Singh Sachdeva I think that more information is needed to truly determine whether or not this is a good buy.

You'll need to pick a type of fund (504, 505..) and then have all your investor/partners complete the necessary paperwork to determine if they are accredited or non-accredited - which also determines which type of fund to create.

To go tankless with gas, you still have to check with your gas company to determine whether your gas lines support tankless.

The rental rate and stability of the tenant are going to determine your ROI.