You will find that there is a good network of investors in Indy that are willing to help out.

Purchase price: $55,000 Cash invested: $25,000 Sale price: $119,000 Bought at around $50kFixed up at around $20kSold at $120k What made you interested in investing in this type of deal?

Q1: Great points, we'll need to have a detailed operating agreement that outlines an agreed approach to all potential outcomes.

You don't need the huge fridges and ranges untill you get to a higher price point IMO...

do not use a line of credit for a down payment. 

I manage hundreds of rentals, thousands of renters.

Whenever you see reports of a "hot market," you are already too late.

My question to y'all good folks: Do you know of, or can you recommend, a company or brokerage that deals in property management in California that I could work for full-time and learn everything there is to know? 

We have 60 rentals12 air bb units, Ohio  and Fla. 15-20  flips and wholesales, between buy and sell close at any point. 

Most deals I work, I find that the most inexperienced party in a real estate transaction will end up losing 4-10% of the value of the home in the transaction because they don't know what they are doing.