I have done some research on this and I believe if not for the foreign cash buyers, now at 27% of California residential sales, the top end of the Golden State's homes would suffer a stiff price decline. 

I do not send letters because I do exactly what Rick said and do my title due diligence before reaching out and look for the best deals and the low hanging fruit, then I skip those people using my own techniques which I posted in another post. https://www.biggerpockets.com/forums/93/topics/290841-ugly-abandoned-house---where-can-i-find-the-owner I call these people personally as these deals are golden and get probably a 50-70% closing rate by solving problems.I hope this helps.

Hi Leo...the golden rule in real estate is that everything is negotiable.  

Hi, I'm Joe. As of today I love the fucking phone. How do I know I would dump e-mail forever? I just sent out an e-mail to a potential lead and quite frankly it was as exciting as sitting in a classroom. Sure, I got t...

Obviously, the person to come up with a calculator to estimate "the market" to perfection will have discovered the golden ticket and would never give it away for free!

my sweet golden retriever over 14 years bit three times.. 

Unless your new properties also cash flow well, of course.By all means, get your financial house in order, but don't kill the golden goose to try to get all the eggs at once, as you might find yourself with only a dead goose and no eggs. 

, and upon review of the application, was what I refer to as "Golden".

Golden nugget - make sure you speak to the county (and get in writing) the number of pads you're legally allowed to have, so they don't impose restrictions on you in the future with any infill and so on... goodluck!

A lot of millionaires are made during recessions.No matter what you invest in there are and will always be golden opportunities to take advantage of during every recession.