I owe this all to the BP community for providing me a forum to educate myself and network with other like minded individuals. 

I guess it is just a matter of finding what fits one's individual investment strategy, and what kind of cash flow is acceptable.

@Jordon NicholsPre-qualification is not as solid as the Pre-Authorization. 

I know it probably varies depending on the street and the individual house too but as a newbie without a lot of experience what would be some good numbers to quickly run the numbers on properties as I browse through the MLS?

@Dan Barli Hi Dan, I am looking to buy and hold these properties for rentals and figured it might be a better idea for me to buy a package rather than individually acquire the properties.

It's a great way to connect with other like-minded individuals and learn. 

Can anyone here recommend a reputable tax services company (or good individual) who is located in SoCal who has experience or is specialized with doing taxes involving out of state real estate investments?

At my most recent meeting with the LA housing authority I learned about Prop 10 that basically limits the amount of rent a landlord can increase a vacant unit.

I look at the properties individually and then analyze them accordingly.

There may be little use for one if you are not partnering with individuals other than your spouse.