Unless you are in the business of stabilizing under performing assets I don't see the short term even mid-term benefits of a new investor shopping in So-Cal.Edit: The other thing about buying in So-Cal right now is you are competing against of a lot of experienced players with deep pockets.

@Jwana Player

Hi BP, I'm your typical washed-up semi-pro baseball player turned spy novelist published by Random House.

Find out who the big players who are doing similar stuff in your area by talking with Realtors.

foreclosure buyers are like any other buyers some want to go all the way with rehab etc others are simply wholesalers.I know one company in Oregon that their model is to always post the deal wholesale first if it does not sell in 2 weeks then they get after it rehab it and retail it. and in some markets that are very very tight this is one way to get inventory... as opposed to competing with 1,000 wholesalers all beating each other up for the deal.. as most of those buyers can't come up with cash for the auction.. seperates the cashed up players from those trying to leverage into deals.

This topic comes up quite often here on the forum and you will quickly learn who are the key players.

As to the future sale, I don't know your local market or the players, you may have someone interested in taking both types.

When you look up the original mortgage you can see if there is a MIN# on the top right and if so go to the MERS number look up web site https://www.mers-servicerid.org/sis/Here is Fannie Mae:http://www.fanniemae.com/loanlookup/Freddie Mac:https://ww3.freddiemac.com/corporate/Knowing your players up front can help you avoid timely and costly delays or failure to close.

Show up and see who the players are and offer your assistance.  

I'm pretty tech savy, so after getting to know the players, I watch what / where / when they buy and when there is a foreclosure with location and equity, they are there bidding.like I said, my target area is VERY HOT right now.