Here in CA, a mobile home can be either personal property or real estate, depending on the type of foundation it's on.

However, as Apartment King mentioned the leases are very important.When do they end?

I'm a recently divorced residential remodeling contractor from northern California.

I have done a couple of deals like this for the principal of my current company as well as when I was a practicing CPA (in California).Talk to your CPA about the LLC selling the contract right to the developer (Kudos by the way that you found a developer that wants land right now!

Most commercial property in CA are as low 7% CAP.

I like your thinking out of the box there Tim, but I think trying to wholesale properties to someone in another state may be unrealistic for a new person.I've had headaches galore with California investors or rather California tire kickers who want to buy cash flowing property in Texas.

I have a friend who is a “chick”, she has done a lot of rehabs in CA and now Las Vegas.

There are tons of California investors who are desperate to buy something cheap.

California is just crazy with prices and I honestly don't know what to do.

Put plain and simple....CASH IS KING!