I'm Isaac from Southern California, passionate about real estate investing for the medium and long term.

If so, that would be a good starting out point as $20k can be enough with a hard money loan and a lower value property (although likely challenging in CA).DSCR Loans are an option for turnkey and a refinance - there is no DTI involved in the qualification so salary does not matter

@James Kojo $800/year to have an LLC in California?

I have pretty much found all my own deals just from searching through Zillow and the negotiations have not been too hard, so if I can save some money on the commissions that seems to be worth it to do the rest of the work by myself.Yep....I got my own license in California about 20 yrs ago and it did absolutely zero to help me over not having one.

Property is in CA, I have an agent but would I need an attorney to review the transaction?

We have three rental properties and they are in Sacramento, CA, Boulder, CO, and Newport, OR.

So many of my out-of-state clients from California are successfully purchasing flips, BRRRRs, and buy and hold deals here at a very cheap price point, cash flowing, and have tons of appreciation.

I live in CA.

If the property is in California and she is saying that you did have an inspection contingency, then you have to actively release it, which means you have an opportunity to bail out today.

Long distance investing can have more costs than investing closer to home in CA.