@Mike Wright yes our market is Casper although we aren't afraid to invest in some of the smaller surrounding communities as well.

@Linda Weygant - You're right about $1k not being enough to make or break a deal.

Linda, there was some great advice on out of state investing at the summit this weekend.

These are my focus areas - Yucaipa, Calimesa, Banning, Beaumont, Hemet, San Jacinto, Moreno Valley, Redlands, Mentone, Loma Linda, Nice Areas of San Bernardino and Highland.Maybe I'm doing this wrong or the wrong way looking on the MLS.

At 50% expense, that's a cap rate of about 3.7%, which is competitive with a lot of other California commercial properties, or certain commercial properties everywhere (look up NNN cap rates for Starbucks and McDonald's, for example).The California market is known to usually be about appreciation anyway, not cash flow.I own a 4 plex (2br1b) in Loma Linda CA 92354 with gross annual rent of $40,800.

Tell him Chris Parrish with Century 21 Wright & Associates sent you.

@Linda Govan"Virtual wholesaling" as you call it is VIRTUAL UNLICENSED BROKERING.

@Linda Hastings - I really appreciate you taking the time to list those out.

There is one near you in Yorba Linda. 

@Linda Weygant is correct - if you go just moving money between the two LLCs, then in the event you are ever sued, any reasonably competent attorney will seek to pierce the veil between the LLCs to get at more income.