I just have to figure out the proper way to work it out..Last year I shot myself in the foot by declaring 'unreimbursed business expenses' that were actual expenses. 

Overall square foot, 1 or 2 story, brick, siding, stucco, peer and beam or slab foundation, level of interior upgrades (i.e. contractor grade, custom, etc.)

I would still love to do real estate there, although I'm still trying to find my footing.

It may seem like reasonable requirements at first, but if it's passed into law, the industries foot will be in the door and that law will continue to grow and become more and more complex and costly until they have it the way they want it.

The owner is more likely to just delay the foreclosure and in some area it could take years meanwhile the owner could be staying with family renting out the place to pocket the cash off the books and than a few years later the foreclosure finishes and he could get bumped into section 8 (depending on location) with the bill 100% footed by his social security or workman comp assuming they are older or just lost there job because of an injury.... or no matter what the age maybe there just a deadbeat and will burn the place down and let the insurance deal with it...

Borrower had never had a late payment, but the examiner did not like the way they made their income - Bingo rather than the normal giving of the members.  

Land prices range from $2-12 per square foot here.

It would bring down the cost per square foot dramatically  so I think I could add about 30k  to the sale price  easily .  

I'm not going to be the victim, and if the shoes were on the other foot, I guarantee they'd be after me like nothing else.

Multi-family properties are the best for buy and hold in Bakersfield because the price per square foot is lower then a comparable single family home (so they are cheaper to purchase) but you end up getting a lot more rental income because instead of collecting $1000/month on an average sized house, you collect three monthly rents of $700/month for an average sized unit in a triplex.