@Paul MacInnisUnless there is a strong demand for new units (your fire just improved the vacancy rate) and you wouldn't just be pulling the better (of the poor) tenants from other properties, I would not consider rebuilding at this time.  

With strong boundaries it works well.  

We have a strong tax background and I have real estate experience.  

I would strongly recommend getting the squatter out.

OK, so when looking at pre-foreclosures you have a few types of strategies to work with:Short Sale (some equity)Subject - To (low equity, possible upside down)Wrap (some equity)Fix and Flip (mid to high equity)Wholesale (high equity)If you are looking at a subject - to, the key is having a strong knowledge of the entire system AND a rockstar title company.

Hey guys, I'm in the process of getting pre-approved for a mortgage and I'm strongly considering purchasing my first rental property in the Palmdale/Lancaster area...

I agree with @Jo-Ann LapinThe Inland Empire in great, strong blue color towns are the best option for you.

I have a strong history in sales and customer service and can't wait to use my skills and motivation to help me to succeed in this industry.

Strong.

Some interesting stats (and signs of a very strong real estate market) in this report published by the Pinellas Realtor Organization.I'm definitely seeing a very strong seller's market in St Pete, at all price points, as both an investor and Realtor.Thoughts?