Fixing the self created, and self limiting problems is the most valuable, because these are the simplest problems, and the ones that will have most impact on your ability to help other people fix their problems.a good credit score is reference that you can properly manage resources, without it, it's hard to convince someone you have that skill.

There are some pretty interesting terms to these types of loans....as in, if your fund would decrease in value, you would owe the difference of 50% immediately, so if you are in this type of scenario then do ask about all the terms and conditions for this type of a loan product with your bank. 

Getting in to dry it out properly should be top priority

it takes the same amount of work to do a 500K loan as it does a 50K loan. the loan balances are smaller so income is MUCH less, so the banks return on overhead and time is far less. it's a product banks provided to keep a big customer base, not a money maker.

IF it works well, you may want to do a 2nd joint venture, and then if works again, start a new company with proper LLC bylaws, etc. 

My wife is a 4th grade teacher and I am a loan originator for real estate investors, and we're looking for somewhere to rent in Sacramento proper.

If not, which office would be the best place to call and learn about the proper notification and eviction process?

In that scenario, you're better off waiting until the current tenant is out and you've had a chance to properly clean the property before you show it. 

This is because of the depreciation deduction that can be taken on the investment.When properly executed, rental losses can be used to offset other income which effectively shelters that other income from income tax.

Finally, I would learn how to send out offers to owners properly so interested sellers can call you wanting to get deals done, Gabrielle.Happy to help further.