Typically competition is 3-5 miles or 20 minutes of driving.With regard to splits on a partnership, each party should assess their goals and level of risk to determine their comfort level for their roles and level of participation.

Now, I am going to be an active participant in order to get where I want in life.

@Dana Boyd and @David Albrecht  I am up for a trip to California to be a guest speaker if you start a group or find one in which to participate.

Of coarse, this is California with higher wages and enhanced code requirements.

There are tax programs to enhance appraisals in the city. 

Some of the rights you transfer are: Possession - the right to occupy the property, Exclusion - the right to choose who can enter (visit) the property, Enjoyment - the right to participate in any activities he or she finds pleasurable without outside interference (baring any criminal activities, excessive noise, etc.) and Control - the right to legally use the property as the occupants see fit, again, baring any criminal activities. 

Luck for you, you have found a great resource with Bigger Pockets and there is more than enough info on here for you to lean all you need to know (Listen to all of the podcast, read the books, participate/ask questions in the forums DAILY).Next I would suggest you go to school to get a degree or learn some type of trade (plumber, electrician, HVAC, construction).

I strongly encourage you to participate in local meetups if they are still occurring around you.

To see if a property will be in the new flood hazard area, visit https://www.lojic.org/preliminary-firmsCould enhance or hurt your current property.

I only jumped into the idea at the beginning of October so one month in.Anyway, I want to participate more of being in the Bigger Pockets community but I don’t want to just ask questions and get a single response.