Next, go find my jogging suit and running shoes to start chasing them for the written bid.At least half the battle to just start the work is won and I am getting some exercise.

starting up trying to find deals on a shoe string budget

Real Estate is also a very localized market, so what happens in your town may not mirror mine.What I would like to see is a swift and modest correction in the market followed by steady growth so the other shoe drops and investors lose their fear. 

@Joe Matthews there are no limitations in California, but reach out to @Violet Rose who is a broker in your area and can answer your question.Good Investing...

@Vinh Nguyen Put yourself in the tenants shoes.

If I imagine myself in your shoes, finding steady employment/ a steady source of income would be my top priority.

I'd put yourself in her shoes for a moment: she rents a unit in a duplex, (it sounds owner occupied, yes?).

Just a different perspective to put yourself in their shoes.

If I were in your shoes, I would pass on this property.

Thanks @Iverem Rose.