They want to gobble up all transactions in the market for their own greedy, malicious, hateful, profiteering aims.

You'll pay a premium for their other stuff to supplement your core materials, but that's fine.

I recommend aiming for 35-40% down to avoid being burdened by debt service.

I assume you're talking about buying the property at the foreclosure auction, if not then it would just be about getting ahold of the owner and seeing if they would sell it to you.If you are aiming to buy it at auction, this is a really good article to read: https://www.biggerpockets.com/blog/buying-house-auctionMost important thing is to make sure 1) you are buying the 1st mortgage and not a second and 2) make sure you know if there are any tax liens on it as those don't get wiped out in foreclosure.

To have 10 paid off properties by the time I retire to supplement my retirement that would net me 10k/month and live happily ever after.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

And the surrounding neighborhood we are aiming at for this specific listing did not have anything popping out for the past 2 years.

It's a condo that I'll be living in, I'm buying with 0% down, and longer term aim to leverage the equity that I build up and put it into other property, likely out of state.

Thanks for the insights,@Jordan Ray I'm aiming for properties that need light-medium rehab using conventional financing, although wouldn't I only want to go the HELOC route after I've used up all available cash first?

. #1 we aim to buy and hold forever. #2 we like the future potential for 1031. #3 would be selling the property and taking the tax hit.