@Wayne Brooks has given a great explanation.

@John Lindemann So far we've just been getting together and discussing RE and finding out how we can help each other, as we have different areas of interest and and have specific geographic needs.

Like any market, it depends upon the geographic location of the property, finding and screening tenants, and most importantly buying at the right price.

I will give you a detailed explanation to what I mean in my post. 

She didn't really have an explanation for it.I also agree that is not the area where I would have like to have a tenant in but I was wondering that if I can get it cheap enough, it might be worth my time.

Opinions vary on getting your real estate license, I might just look for a great investor friendly realtor.Set up some key word alerts for topics and geographic areas you are interested in.  

@Shanel WigginsThank you for this clear, concise explanation.

Thus, nonbank residential mortgage lenders and originators, and mortgage brokers, are grouped into the "loan or finance company" category.However, the term ‘‘loan or finance company’’ is actually not concisely defined in any FinCEN Technical Explanation of Anti Money Laundering Requirements regulation, and there is no legislative history on the term itself.

If you need explanation on how it works shoot me an email.

Now the next step is to look at your geographic region, in our case the greater Bay Area.