It's a very high risk and reward process.If you haven't yet, search for "auctions" on BP to read the pros and  cons.

Please feel free to reach out to me if you have any questions regarding financing or buy and holding (those are my two areas of expertise).Cheers!

Now if a client or anyone else asks for a recommendation, I can easily filter my search to just the area of expertise needed.  

I lsot 80k on one deal I Corvallis a few years back.. ( Oregon State).. but heck that's what being a developer builder is all about.. big risk big reward.

Martin that networking and developing strong relationships is a key first step and that those efforts with networking will likely be rewarded with these kinds of amazing opportunities.

Would love to talk over a lunch or coffee to someone who knows the ropes and possibly has Los Angeles/California expertise.

Don't forget to check out the podcast, there is so much value and expertise delivered for free on a weekly basis!

Also remember, there is no reward from not obtaining risk, so don't be scared to take MEASURABLE risk.

Now these are the options lets paint a little picture... when it comes to market investing, holding for a long time no matter the risk/reward of the stock, usually equalizes the return because over a longer holding period the ROE usually ends up in the positive.

Stick to cash only purchases and focus on properties where you can leverage your expertise (roofing) or your contacts (other contractors you trust... enough).