I have spent the last six years doing a job I loved for people I’m not found of and have come to the harsh realization I need a change in careers and life.

I don't know the arragement you have with your family friend, but if you don't bring cash to the table, it is going to take A LOT of successful flips to keep you housed, fed, and clothed, unless your friend wants to run a charity.I have a full-time mechanical engineering job in a chemical plant.

I'm surprised that no one has responded here regarding the harsh rent control environment in Oakland, and the limitations on what LL can ask an applicant for your unit.   

Winter/Harsh Environment/Disabled person/Vet??

Hello,My name is Elyse and I am currently pursuing my undergraduate degree in Chemical Engineering  at The University of Arizona.

@Annette Hibbler allowing tenants to not pay rent sounds harsh, but in some cases it is the only way to get a landlords attention.

I don't say this to be harsh or mean -- I say it to reinforce the fact that YOU'RE the real estate professional and YOU'RE responsible for ensuring that your transactions go smoothly.In this deal, you didn't tell the WF loan officer about the need for the second appraisal and you didn't ensure that he knew.

Sorry, if this may come accross harsh but:- You have no experience- You plan to raise ALL the capital required from others (even for office supplies)- You are not wanting to manage the property yourselfYou better have a way to find EXTRAORDINARY deals or you really are not bring enough to the table.What would motivate an investor to give you money versus someone who has experience, is an expert at managing the property and is willing to invest some of their own money?

is a little harsh for someone who is asking us to evaluate a deal.

I learned the hard way to also invest in areas that don't have the harsh weather/higher insurances or potential high insur due to their location.