Interest Expense- when you do monthly "P/I" payments there is a portion for interest expense and principal paydown. 

You will find lot of people here who are seasoned investors and would love to help you out.What type of properties you are looking for your first deal & funding type?

These are C/C+ areas and, when done, they are worth $160,000+And that's the catch.

Not all background checks are the same!

Are they a waste of time? 

I do try and tweak pricing just so it sees that there is active updates on the listing sites.

@Shafi Noss Improving the land would be the simplest since there's already a driveway, electricity, and an old water well that needs to be jetted again.

I've been buying and renting here since 2009, the deals are hard to find these days but definitely out there!

I've been tracing wholesalers in califonia for months, like nothing other state finding individual wholasalers in califonia is quite challenging I don't know if it's because the house prices are too high compared to other markets.

Quote from @Julia Havia: These are big projects and be sure that you are doing it all within the city scope of what they want for the property.