Keeping in mind you're not making a decision for your forever home....Let me know if you need market specific insight. 

I'm glad to be included on this platform with like minded interests.

It still blows my mind that people will pay someone $15k + profits to learn something when there is so much free information out there or go to a community college and takke some courses for a lot less.

Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

Keep in mind banks still pool forclosed assets together and sell them all together as a group to one company.  

If you go through brokers or even reaching out to sellers, it's a good idea to keep in mind how they will see you.

When calculating your return, bear in mind you'll most likely have to pay 100% in cash to make it work.

The homes don't have MLS sale history until they are listed after the rehab has been completed.If you don’t mind shaing, how are you financing your deals and do you do the work yourself?

Be mindful of a gift tax implications if you sell a house for less than FMV.Also be mindful of transactions between related parties when selling at a loss.