An interesting article today on Bloomberg.The crux of the argument is that "mom & pop" investors with less experience (speculators) are becoming a much higher percentage of auction & foreclosure transactions, with institutional investors ("smart money"?)

@Chris Seveney@Raul Ruvalcabahttps://www.fanniemae.com/content/guide/selling/b2...Here is that link that should have popped up in my previous post.

That's what I don't want to happen and all that what you said just popped in my head when he told me he had liens on the house 

The vast majority of landlords in the country are "mom and pop" operations.

My plan is to carve out a chunk of land with frontage to the main road and put up a 4-5 unit building for smaller eateries and mom and pop businesses. 

PNC, and many of the larger banks, have POP money.

Derrick Ward  This topic seems to have popped up quite a bit lately.

I used the upper right corner search field and type in "riverside, ca realtor" and the like and not much popped up.  

Welcome to BP and REI community, Congrats first off with your RE license. great idea for diving into knowledge and also opening a more in depth chance to work with experienced investors in your area, i definitely recommend checking out the free training course here on BP as well as the information packed podcasts, and any question that pops up during the day/night definitely pop it into the search bar and almost 100% there is already a information bundle available to fill in the blanks. 

I estimated the renovations to cost close to $19k, so to be on the safe side, I sent her $25k to cover any unforeseen expenses that might have popped up.