Quick thoughts...Have you factored in costs to turn over almost daily?

I've read a million threads where people hint at appreciation and everyone's hair spontaneously combusts and a lot of people start freaking out about not betting on appreciation and invest for cash flow.

Look for Dan's red hair and freckles...

@Theresa Omeludike When it comes to MLS, setting up good parameters for your daily email search results is key.

Ignore the "white haired disabled old lady" emotional noise.

That way you get daily emails to your inbox that you can just browse over every day.

I am getting more and more comfortable daily working on numbers and putting pieces together.  

CA prime spots are a long term buy and hold play.. as we know the CA market is subject to some swings in values some can be dramatic.. but over time the state has shown some of the best performance in the entire US... but if your one who worries about value on a daily basis then RE can drive you nuts... if you have a long term investing horizon then you buy and hold and if and when we hit a trough you hold through the trough.. you only lose money when you sell at poor times. 

I have the luxury of driving through different neighborhoods on a daily basis.

(Same as above just different order) the reason for this is you want to get the monthly interest rate.This is because you are not being charged interest on the interest and your going to compound monthly rather then daily like say a cc or car loan could.