The area is coming around quick, but I would be more inclined to buy/hold then flip in 2-3 years when the neighborhood has more of the amenities that attract homeowners as opposed to renters.Just my 2cents.

Behind on payments and they need cash quick? 

Do you think wholesaling properties would be a good segway into real estate investing, due to its quickness to raise funds and the knowledge I'll pick up? 

Nathan Emmert thanks for the quick response!

But lets do some quick math and assume that Zillow is correct10 units @ $695 gives you $6,950/month.  

Quick Tip: If you haven't already, I'd look into some PM software to make your accounting/management life easier.  

There are certainly going to be some tried and true elements, but we believe as technology, culture, etc. change that so may business structures and practices.With all of that said, as brokers and agents, what service, support, and features are most valuable and most attractive to you in where you choose to do business?

@Devon Morgan,You need to read up on how to attract and engage private lenders where the deal is more important than your credit.When you don't have money and/or credit, then you need to use other people's money and other people's credit.

So I suggest looking at the foreclosure lists in the areas your looking to invest and be quick to offer.

I started out trying to find deals to wholesale to raise enough cash for flipping, but that quickly changed when I met other investors who are now to me great business partners and mentors. $30K could sound like not much in SoCal, but you can do many different things with that money if you invest it creatively and collectively.