Even though someone could theoretically purchase a note for $30K and just let whatever happens happen as they work it out, there's an inherent safety in spending the same $30K to just purchase education to help navigate those waters.

Hi All,Unfortunately, I have a really hard time navigating this website. 

(note this is my 10 seconds opinion after looking at the map... note.. do not take it forgranted.. i maybe wrong... since I am personally not familiar with this area, but rule of thumb... is... typically the first impression is right... think of Hurricanes....)In regards to figuring out which property has good appreciation and all that jazz... just hit up loopnet analyze bunch of listings and you will get the gist of it... or feel free to check out my blog.. to see how newbie like me navigates the waters within the first 2 months and 8 days in the journey of commercial real estate...  

As a borrower myself here in Southern CA, I have done at least 40 fractionalized notes with lenders and navigating through this process as a lender without experience (not sure what your experience is since it was not mentioned) can also be dangerous without the proper guidance.As David mentioned, $110k in CA is not likely enough to get you in first position without fractionalization.

Hi Brian Ambuel Welcome aboard as well and best of luck as you navigate your first deal!

Expect a 3-6 month learning commitment just to really be able to navigate the waters.

Navigating those HMLs I am learning is interesting. 

Answered my own question/generated a follow-up question:They're located under tools > fileplace > contracts (https://www.biggerpockets.com/files/contracts/cate...)However, I can't find any way to search within the documents, they seem to be in chronological order, and I can't find a way to reorder to alphabetical, topical, etc. so it seems you have to just scroll through all fifteen pages of random documents looking for what you want: does anyone know of a better way to navigate the state-specific lease agreements?

They will have the knowledge required to help you navigate your investing journey. 

I also want to take a second to let you all know that we're on the verge of launching another series of updates to the site, including a new, easier to navigate front page, photo galleries, and an updated property directory.Best,Josh