Louis, I would probably have limited my focus to that market.Due to my current studies and lack of income, I'm currently helping my father get started as a real estate investor (the blind leading the blind so to speak) rather than pursuing deals for myself.

@Alina Trigub Luckily my wife's father is a GC, we have solid insurance and mortgage brokers, and an amazing CPA.

my father always said that the best way to learn if from the experience of others.

My father has been my 50/50 partner since day one.

For instance, i saw one that was a young lady and her father and the topic was about working/investing with family members. 

My biggest fear as an investor (and father of 3), is that I'll overextend myself and end up in the same position that a lot of people were in during the crash. 

Would there be an issue if she sub contracts some of the work to our father?

@Hank Hebel,Yes, you can transfer retirement accounts you inherited from your father into self-directed inherited IRA. 

My father in law builds spec homes, so with the high price of $450-600k for a SF home in our area, we plan to build an average sized house, (+/-2200sqft) on a +/-1acre lot in the Fallbrook/Bonsall/Rainbow area for $450k or less (including land.)

Both of which are cost and I make $0 on either one.If anyone wants to know the actual truth behind Adam's claims feel free to read through the verified counterclaim I filed as the lender in lawsuit on 2 properties I lent to Adam and his father on.