If you are going to live a fair distance (like in another state) from the property then I would suggest you get a Property Management Company involved.

Smaller community banks and credit unions are your best bet.

@Egan LohmanBest bet for data analysis like this is to use the Google Maps API.

Besides that it's a good way to get connected with others locally that are involved in real estate.You can also join a wholesaling or rei group on facebook. 

First some background - I have lived in Orange County/Los Angeles my whole life (school and all) and would love to get involved in real estate investing to serve as a secondary income source. 

I'm told it needs to be above at least a $2M price in order to get them involved. 

Looking to get involved in the Camp Lejeune area, if anyone has tried their hand in that market please let me know.My interest is specific to SFH, although, even if you operate in other types I would still like to discuss PMs, Attorneys, etc.Thank you.

Firstly, on top of all of your regular due diligence with buying property, you'll need to decide if you're going to get a bank/finance company involved or is it solely going to be the seller providing all the financing.If you include the bank, you'll probably want to check with them in advance to see if they're ok with having the seller's mortgage behind them as they take rates and payments on the second mortgage into consideration for their approval.Once you and the seller both agree to terms, best to get lawyers involved who can draft up documents.

They'll be your best bet.

But there is an agent involved, so gets a little more difficult.