That property will cashflow well enough to pocket a decent amount of cash even if you engage a property management company to run the place. 

Hi - actually I'm not brand new since I joined about 6 months ago but never really engaged. 

I have been investing in Long term SFR for a while but because if these sessions I am now looking at short term in Hermosa Beach.  

Being honest with yourself and if you feel comfortable sharing the results of your inner question asking session, share them here.  

I don't recall mentioning that I would engage in short sale fraud :) Short sales usually go thru best offer situation and they are posted on MLS anyway.

These are your lower income neighborhoods so only do so if you're willing to engage with these toe of tenants.

I've made the decision to move ahead and really start developing a business plan/strategy and to begin engaging with the BiggerPockets community and my local REI community.

I don't really see anyone actually in Solano that crunches numbers and concludes they'd be better off buying in Oakland or SF.I've got one gentlemen actively engaged in selling off his SFR and condo assets and 1031ing them into 2-4 unit props.... so far, all his purchases have been in Solano. 

The issue is that flip transactions are considered a trade or business activity, and if a tax exempt entity like an IRA engages in a business on a regular or repeated basis, then there is a tax known as UBIT that applies to the gains from such business income.

Through the CRE you can engage a buyers broker to find properties that meet the criteria suggested by the CRE.I know my advice is unconventional in today's instantaneous knowledge, instant satisfaction, guru worship environment.