Right now I have three other executed short sale contract waiting for lender approval, may be none of them will pan out, may be all of them will, who knows.

There is also a few water spots over the kitchen ceiling which the owner said he'd have that fixed this week, assumed it was something to do with the HVAC drip pan or something.

None have panned out. 

Going to see how all of this pans out up north and keep moving forward.

Welcome to the Pacific Northwest my friend!

Thanks everyone.Puthy Pan

If this pans out as you expect, in 5-10 years you will have hundreds of thousands of $$ in equity, which is the Bay Area play.

If that doesn't pan out I'll look toward other willing to do a partnership 50/50.

I would maybe try and find a real estate agent in the area that is familiar with working with investors if this thread doesn't pan out.

I am from the Pacific Northwest and just moved down and looking for meetup groups in Southern California (Im in Orange County).However I did want to know some more about meetings and groups in CA.