Most of my owners use our services because we take the property off of their hands and minds and they simply collect their checks as they come in but I have some owners that prefer to be more hands on and use our services because they value my opinion, resources, and ability to get their homes occupied at top dollar.- From someone who owns and operates a MTR and LTR PM company with over 75 units and an investor myself

Fast forward 2 years his landlord mentioned in passing he might sell the property; I was the first person on his mind.

I'm eager to connect with like-minded investors, soak up as much knowledge as possible, and turn ideas into action. 

Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction. 

Just be mindful of the following things when it comes to California.California does not recognize Bonus DepreciationCalifornia does not recognize real estate professional status.Therefore, you can potentially reduce your Federal taxes but not your California taxes.

From my experience working with over 400 investors, avoid transferring your home into an LLC (it can trigger loan issues), be mindful of capital gains taxes when selling, and ensure your debt-to-income ratio allows for your next purchase.

You need to keep in mind that this should be a long term hold at least to a point when you wanna convert back to CAD that you are not losing on conversionWhen i started in 2012 it was like 1.05-1.07 

I know it seems like this older lady has an intent to intimidate me, but hopefully she is just behaving this way because her mind is slipping later in life.

I’ll be keeping this in mind as I move forward with my own investments.Wishing you the best as you figure out a solution, which, from the responses that I'm seeing, are good solutions, but still tedious tasks to undertake.

It seems like the perfect place, BiggerPockets, for finding people who are like-minded, asking them questions, and learning how to become a future investor.I believe that no matter how unforgiving the market may seem, the right tools, knowledge, and preparation can help minimize risk and create opportunities.