I will check out local resources.

@David Savoy - check out our next event W2-RE (next week and every 3rd Thu of the month) and APLBNM (every 1st Thu of the month).

Notably, the landlord is able to exclude the cancelled debt from income due to insolvency at the time of foreclosure. checkout this IRS publication to learn more: https://www.irs.gov/pub/irs-wd/1415002.pdf

It's all about KYC.And no, it's not only in the US go check out global means of playing with currency you'll get ****ed harder.

Yes, you will pay for commissions (which are 100% negotiable)- I like the idea of approaching the agent for the new buy (if in the same area), who might give you a discount on the listing if you also buy from him or her.There are programs out there that help you BUY before selling, they will give you a 20% downpayment and money for repairs on your existing house- you'd have to use an Agent and them that is affiliated with them and they act as the straw man lender- check out Knock.com, Ribbon, Orchard, Homelight, etc- and there are others- I'm not sure which are available to you in California.In most states, homes are sold "As-IS" anyway), and all you have to do if you cannot make repairs is to properly DISCLOSE what you know isn't working, so that buyers can take that into consideration in ADVANCE of contract, in both their offer but also to save them surprises later on which could cause them to back out- if they know in advance and all is disclosed, there's less chance of that happening.

And there are a handful of others including one or two that meet at the Port City Brewery.If you wanna check out mine, our next meetup is on June 5th.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

Just check out what Larry Fink has been up to. 

Location is a big thing I am trying to focus on and am even driving past the houses at night after work to check out the area and make sure it would be somewhere where I would like to live.

Please feel free to also checkout some of my online content that's geared towards newbie investors - you might like it!