There are some prime North County neighborhoods where you can still get a 3%-4% CoC yield in year-1 and more than double your initial investment in 10 years based on conservative estimates.Let me know if I can be of any assistance!

I get it, if all the bids are coming in at the same amount, then that is the cost; but, my contention is, believing, initially, that the prices are inflated that i'm being gouged for someone else's discount. 

My initial thought was also that my basis is 70k - meaning I would have a "gain".  

I ran into cash flow problems and did not make my initial payment of the assignment contract.

Location is not generally too important as the initial cost will reflect the area.

-go to gosection8.com and check your competition. you can also post your availability there after you passed the initial inspection.

Is it a double closing (stuck paying 2 sets of closing costs and transactional funding); is it assigning the initial lease option from the seller to the tenant buyer; is it assigning the tenant buyers lease option back to the seller; is it assigning the tenant buyers lease option to another investor; or something else?

That's great that you're taking the initiative to learn and BP is a great place for it!

And with the contract going back and forth for initials, it can take a few days sometime.Also there is nothing unethical about not taking your offer.

Was initially going to buy a townhome as I no longer want to rent, but felt as a single guy with no major obligations, turning this into an investment oriented approach felt like a better move.