Very hard to have positive cash flow in CA on a sfr, unless you buy it with large down payments.As far as the repairs/maintenance factors mentioned by Ovetta, I disagree with the negative perception.

The main city is elegant and sophisticated with daring skyscrapers and an oceanfront, international flavor.

We have to acknowledge that most of the people reading and posting on this board are pretty sophisticated investors who think about pros and cons of each investment.

Another interesting perception is that apartment rental prices will drop, because soon many more SFH rentals are going to be on the market, for the same rates that apartments are charging now.

In an ideal world, you would want all your investors to be accredited and sophisticated and that should allow you to get the securities stuff done for less than $15K.One possible structure for this would be an LLLP or, depending on your state, an LLC.

Yet from my perception, given the choices we have, the lesser evil in November 2008 is distancing ourselves as far as possible from almost everything that represents the current administration, even if that means going more socialist for eight more years.

Some companies like Argos have very sophisticated software that you might find interesting.

. – lower your offer6.Sophisticated lease optioning reseller/investor – big bad wolf!

Now you have to be more sophisticated to make dollars.

I would think about setting up a Living Trust.That's a mis perception.