If they are first position then you should be able to buy then from 40-60 of the face value and you can work out terms with the homeowner to keep them in the home!!

Five headwinds that California coastal real estate is facing which never existed in any previous market: (1) Baby Boom retirement is creating more sellers than buyers. (2) The Fed's unprecedented regulation of interest rates through money printing and Treasury note buying is winding down. 

I am just barely breaking even or possibly losing $100/month by the time I figure in cap ex. 

Hey everyone, this is my first post so bare with me.

I'm also facing college costs in a few years.  

Meeting with investors face to face, and seeing how they operate, what their goals are, and how it is going for them is one of the quickest ways to gain knowledge.  

However, most of the sheet rock needs to be replaced, and the kitchens and bathrooms need a serious face lift.Property taxes are $2,100 a year.This is a C class neighborhood, fully renovated may be sold for $120K to $140K.

Listing prices hold absolutely face zero value in hot California markets.

My suggestion is to network as much as possible and meet people face to face.

You should always have an face to face interview with them (assuming you are managing your own rentals, which it seems to be) before renting out to them.