If that's not the case, though, you would be taking on significant risk of not being able to handle emergencies if when they occur, and all/most of your cashflow may be allocated to rebuilding reserves (in which case...is it really cashflowing?)

Check out the events page for it here: https://www.biggerpockets.com/....

There is actually someone I met who was at a local real estate event who started off with buying his neighbor's house who was looking to downsize and then there was a domino effect to where people were coming to him for deals.

You can find meetup groups, conferences, networking events, property tours, etc.

In an effort to combat this, I registered for an event with my local REIA.

This is all taking place in California where I believe that the law says we own 50/50 until a divorce actually occurs.

Seller shall repair any damage that occurs from the date of this Contract to the date of Closing, reasonable wear and tear excepted.

Since this is a small deal, not an entire block of notes, how do you ensure any event of default and foreclosure on the note pledged, since you need cash, doesn't sound like you would be able to repurchase in a default?

@Jorge Morales I agree with accounting for property management in the event you decide to move and no longer want to self-manage. 

We also are hosting a meetup event next Thursday for investors, contractors, developers, etc.