@Ademisola LeemanWelcome to the community and be ready for a huge amount of information at your finger tips.

@Tiffany Da Silva, I use quickbooks online for bookkeeping and I use a "Profit First" approach to managing cash.

Any tips or tricks for staying organized and tracking leads effectively?

In September, I found a property I was interested in acquiring online.

Online Facebook groups can be fruitfulOnce you find a property things tend to move fast so have a good contractor available to help you estimate repairs. 

I checked online regarding Elmsure.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Quote from @Jimmy Wellman: I've looked online for some information about the average % of the final home price vs. the price you purchase the home for and found that the home should be purchased for 70% of your home's final sale price. 

Is it complex, YES, of course.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.