I wanted to start a discussion to spread the knowledge, help interpret the new law, and field questions property owners may have. 

And of course, getting financing squared away is key so you know your price range, which will help narrow down locations and strategies.

Oversimplifying it just a bit, the investor profits from:- a non-refundable option paid by the tenant-buyer which gives them the right to purchase the property within their option period- the spread between the rent paid by the investor to the property owner and the rent paid to the investor by the tenant-buyer over the life of the option- the spread between the price ultimately paid by the investor when they exercise their option with the owner and the price ultimately paid by the tenant-buyer when they exercise their option with the investorClear as mud?

That is IRS trying to narrow down the number of returns they need to mess with.

I have it narrowed down to two agents, one has more general experience in the area and are part of a large organization.

also look into AI powered softwares for narrowing down your search criteria. 

I have seen people buy non-existant properties, bottom of lake (literally underwater), slivers of land too narrow or small to do anything, Army bombing range, expired leases, cell tower now removed, property with 30 year lease and prepaid rent for 30 years, condemned buildings, toxic waste sites, land under railroad tracks, cliffs, landlocked property, wetlands, flood zone, unbuildable property, endangered species habitat, ....I have three rules for buying at Tax Sale:1.

In fact, it spreads out their risk to have more renters spread between multiple houses than concentrated in less houses. 

Need:- Good CPA- LLC- Narrow down to 3 markets of interest: Santa Rosa, Palm Springs &  ??

I am not a huge fan of them personally as they are PE investors and have a very, very narrow view of the industry and how it should be approached.