During my time at school, I befriended two other like-minded guys and together we have discussed the idea of dipping our feet into real estate investment and maybe one day starting a development company. 

Due to this, these markets are now showing strong growth in both rents and development.

Because you're having trouble finding deals, investing some energy into people that already have developed systems and ways of getting you deals could be worth your time, but totally your call!

New development, I was just talking about this circumstance with my neighbor who informed me that they do not own their house, they are renting it in the current owner is getting notices about foreclosure at the property.

Hello,can anyone recommend a CPA specializing in real estate development and construction in Los Angeles?

I'm heavily developing the network direct to business owners for the two buildings, they are similar size/type so that allows me to target easier.

I wouldn't worry about it too much, it conveys respect, or is meant to.Work with an attorney to develop a general contract with boilerplate language. 

Yes I'm looking for value add properties new development is and area I'm not to familiar with.

You'll develop some as you gain more experience, but I'd say you have a good starting point.

I have already started to develop relationships with a few agents and hard money lenders.