I think your best bet would be to find a professional property management company to handle it. 

Now everybody says it will stay the same, I bet it will rise...So think I wiser to stick to 4-plex and lock a 30-year rate instead of floating with a commercial loan . 

Though the 30 yr is safer.

Never buy a property based entirely on price trends (people who bet on appreciation lost their shirts in places like florida).

Most of it the market was short a substantial part of those funds so they will just plug a hole.The market should not be up on this news, and I bet we will be back at Dow 11,700 by the end of this week.

Your best bet is a broker or correspondent lender with a medium size officet that is approved with many lenders/investors.Just because you walk into a bank to get a mortgage doesn't mean they are actually the lender.

A lot of these comments are votes for tear it off, being this is a flip, I bet most of you would not want to pay for it, considering that and the bottom line, along with the fact this home is in sunny CA, you still vote that way?!

Id bet it all on black... and still come out equal to, or better than 98% of newbie wholesalers whether I won or lost. :)

Now depending on what it is you want to do you can start while you're active to make the transition a little smoother; spend the next 3-4 years acquiring a few rentals that can pay you when you get out and start the clock for you to use the income for loans qualification (requires 2 years LL experience).So I would say long term financially your best bet will be to get out; (big caveat here) assuming you are prepared in those other ways I mentioned.

Your agent probably advised you to avoid auctions because he/she doesn't understand auctions (most real estate agents don't), or because he/she wants to earn a commission from you, or because he/she knows enough about auctions to understand the risks and is encouraging you to take a safer path.