On the flip side, you will have calls where you will genuinely enjoy speaking with the seller, regardless of the RE outcome.

Until i get my first genuine cold call deal .....i'm not doing any "Referral properties" or "Listed" or "Bank involved" ETC .

This will help others recognize that post as something to take a look at.

Not being any sort of expert...and in fact being a NOOB, I say do it if you can get a deal on price (and the fixer-upper still works out to a deal after it's all fixed), if you do not need property management, and if you can genuinely make the cashflow math work with current rent rates.

It is technically two plots that are joined together, I am unsure as to the feasibility of separating into two plots but will look further into that possibility, but we would prefer to keep both lots together since we recognize the value of the land. 

@Chad MillerMy statement was a genuine question, not to come down on your thought process.  

Don't believe everything you read ... by and large, making money with zero down is a bunch of guru hype to lure in newbies that are not financially sophisticated enough to recognize the dangers of attempting to do this.

Are there any recognized bookkeeping/accounting practices we should learn about specifically related to owning/landlording real estate? 

Since California does not provide for formation of series LLCs but does recognize foreign series LLCs, is this the best way to own many different properties, each in a seperate shielded entity under an umbrella shielded entity?

@Nicholas Chou its time to make all communications be in writing so you can document any threat.Put his number in your contacts so you can recognize it and let the phone go to VM, and keep any threatening messages.Lastly, make sure you are correct legally in your actions, and report any escalation to the police.I don't respond to verbal threats, but I do return fire...