This is definitely not a market you want to cut your teeth on, lol 

It's where I cut my teeth on investing and where my current office/HQ is.

I am currently looking for a single family residence or a small multi-family property in Fresno, CA for me to cut my teeth on.

Ohh Ohh, or  when you sleep next to your woman, or man...And get really close to them  in the middle of the night.Lay at some really weird kinked and bent position almost if someone broke you in 3 pieces.. nd then open your eyes as WIDE as you can and smile really huge showing teeth as you stare DIRECTLY at her face, and then nudge her a bit so she wakes up then quickly assume kinked position smile with eyes REALLY wide open.

I'm ready to sink my teeth into something new and exciting.

With stocks, we get to log in, grit our teeth, scream at a screen, all with 0 control, just watch our $ grow or diminish. 

Houses are scarcer than hen's teeth, and there's not much to go around so agents are having a rough time of it.I ran some quick math numbers in my area yesterday and making a whole lot of assumptions (for example, only 40% of all local agents were party to a sale, everything that was available gets sold, etc) the math didn't seem to pencil out very well for agents right now.

They speak great English because they are born and raised here they know the industry say all the right things.. their main target is the dreamers like Ingrid Robinson was/is.. she was in the health field and decided to do a big development up at Clear Lake CA.. which is where i cut my teeth selling RE back in the 70s and my dad in the 60s .. so when i saw that and the property she wanted to develop there on American greed I was stunned.

For a new investor, my suggestion here is to find something where your all in project cost does not exceed 60% of the ARV - there is wiggle room here up to 65% of the ARV, however 60% is a safer bet and will allow you some room for miscalculation, market correction, contingency, etc.As a first timer, look for something easy - I would keep rehab to 15%-20% of the purchase price - something to cut your teeth on that a lender would agree is a good first project.A common issue with first timers is attempting heavy rehab/gut reno projects that may be a great deal, but in reality are riskier for lenders and first timers.Feel free to reach out with any questions, share my experience.

definitely speak to your CPA on the matter if you want to go for the sale but you could always seller finance it to someone with a loan structure that has some teeth in a few years which would encourage the new owner to refinance.