Google "Investing in foreclosure nightmare stories" for examples of what not to do.Stick with California for now.

If you want the tax benefits and what not, you would need to put the property into an LLC, which isn't that hard to do.

Listen, I've realized that with this business you have to make a lot of mistakes in order to know what to look for and what not to.  

I plan on investing long term, so that doesn't seem like a problem, but it would be nice if they setup a marketplace to sell bits and whatnot. 

I'm currently reading books and whatnot about real estate. 

Last night I learned the basic benefits, how to do it correctly and what not to do.

No points, clean flat 15% no matter what not even APR. 

I guess you can take this as a "what not to do as a landlord" in the future - mainly, make sure you screen your tenants so you know you're getting someone you trust and like and also to not have month-to-month leases.

Any suggestions, what to do’s and what not to do’s welcome.

just looking to talk about the what not to do's and the what to do's