@Mike MillerI had the name of one brokerage in California, that doesn't require MLS membership or Realtor membership, in my notes for some research I had done for a venture I'm involved in. 

Bidding on foreclosed properties can be a lucrative venture or it can bankrupt someone.

I’m curious to hear from other investors who have ventured into flooded properties such as what challenges did you face, particularly with insurance and permitting?

In my book, I share an example of a DIY Landlord who lost over $20,000 in two years with just one of her five properties.

Furnishings and outfitting run about $20/ft professional but if you DIY at $15 and its 1,500 sq ft $22,500.AirDNA has the property at $65,000 Annual Gross.

This could let you start building relationships with others in your area (and potentially lead to joint ventures later) and to build up your working capital.

@Nate O.To spark your son's interest in real estate, begin by teaching him financial basics and slowly introduce real estate concepts through hands-on experiences like simulations, shadowing, or DIY projects.

About last year I made a business venture whilst in college in something called Amazon FBA and I asked a forum just like this one and everyone told me it has way more risks and that they are not confident that it is a solid investment/idea.

Mentorship and joint ventures are excellent ways to gain experience, and it’s essential to start small, communicate clearly, and build trust.

If you live in California, the FTB still wants its $800 per LLC, no matter where your properties are.Question B:When it comes to setting up an LLC, here are three common approaches:1.DIY Approach:In most states, you can set up an LLC yourself for less than $100 in filing fees, depending on the state.