I think there are a few investors on here from the Thousand Oaks area, you may want to connect with them and see what they think.I have heard the term Virtual Wholesaling, which you may want to ask about by setting up a separate thread in the forum.

Especially since you are investing out of state as well as looking into it locally "virtual" networking will be great for you.

Self-directed account unlocks your retirement funds from limited investment choices when used in a conventional IRA or 401k and gives you virtually limitless investment choices, but all gains and profits must go back into your 401k, sheltered from taxes.But with Solo 401k you will have the ability to access some of those funds any time tax-free and penalty free to be used for any purpose you wish.

Locally you should check out CFRI (Central Florida Realty Investors)... they have a general meeting in Orlando next Wednesday and the Volusia County group, co-chaired by Art Musselman, meets monthly in Daytona.

Look up the acceleration of money (old term, I know) and think about how this bank gets money from the FED at many times throughout history at %0 interest then loan that money to a home owner who defaults, they get it back and keep all the profits, often wanting as nuch as possible without regard to the buyer. they have virtually no money in the deal besides the acquisition.

You guys are entertaining and I'm enjoying the "virtual networking" with the different BP members you interview.

BP is like one big virtual mentor.

Good selection is as much an art as it is a science.

From my (very) quick analysis of available properties in my area, there are virtually no properties that pass the 2% rule.

With Multifamily buildings the idea is to find amazing markets and keep vacancy and operational costs to virtually nothing.