It's like asking what the best food is.

Maybe the “student” deserves some blame, but the punishment, in my view is more than served by the huge failure rate in the wholesaling industry, coupled with the near total loss on the educational investment.All illustrative, of course.

When I'm not listening to podcasts or doing something business related, I am usually outside, dancing, or learning how to make some tasty new food! 

The P/L is just that, it shows all profit, and loss (expenses.)

I filed a claim with WFG title insurer and they just denied me saying: "Title insurance is not a casualty insurance that covers every possible loss, nor is it a guarantee of any facts regarding title to real property.

I don't know Orange County too well to answer your questions, so will just add a few other tidbits as food for thought. 

@Rob Ibarra No matter where you look, start with the zoning and make sure you can have a food oriented business at the property. 

Focus on turning it around and getting it rented as quickly as possible to minimize losses.2.

Buyer has ability to close, so it's a smaller loss to have the complete the purchase before the market gets worse. 

The reason this matters is that your "active losses" can only offset active income.