These advanced strategies require extensive knowledge and a Team of Professionals around you to make them happen.

I haven't taken part in any actual flip or wholesale deals yet, but have been doing extensive research.

Lease options should be done with 12 month leases with possible extensions if rent is paid on time.Good DOS info is herehttp://bundlr.com/b/due-on-sale-clauseIf you are nervous about the dos, try the lease option assignment.Read all of my posts, and @Michael Carbonare s which are excellent.And most importantly, I do not buy on a  wrap or sub2 unless the property is in perfect shape and has good existing financing-taxes-cash flow.The Big Mistake - just because you can buy on a wrap or sub2, does not mean you should.  

Took almost 2 months to move it, had to file an extension, but we got it sold to a rehabber for 60,000.

As others have said there is a vibrant and extensive network of Bay Area investors to tap into.Good to see you getting back up and into the game after taking a fall.Cheers,Jeff

Now that will vary based on how extensive your rehab is but you need to decide if it's worth that investment because it'll take you 5 years to see that money back. 

Many union contractors who want to charge ridiculous amounts and many lower-end contractors who can't deliver quality;-  Most houses were in VERY rough shape, so the typical rehab was quite extensive. 

Michael - As a CPA who works extensively with foreign real estate investors, there are three main US tax issues that foreign investors need to be aware of are: (1) income tax; (2) estate tax; and (3) gift tax.

All were extensive renovations. 

Working on an extensive rehab now and will be trying to get a Section 8 tenant in there.