My biggest worry is putting myself in a situation, where people are occupying units, without pay, and without chance of vacating.

I work to train my clients that the biggest risk in RE investing is not an IRS audit, it's bad investments that you don't immediately dump.

My biggest concern is I’m not sure what to do if I don’t find a buyer after getting a contract.

You can also reach out to another trusted organization, like Department of Family Services, to see if they believe the organization to be legit.I searched the internet and believe I located their website.

What has been your smallest and biggest rehab total expense in California?

Hi @Adam Kotlarek, Contrary to what you read on the internet there is no requirement to have any language in the contract regarding the 1031 Exchange. 

Now IF we had all the people in the world going to trade schools which are currently at about 5-10% enrollment of pre-collapse numbers, and IF we had every developer dripping in billions to start all the developments needed to get to parity now, IF we had magic wands to waive to make the ridiculous mountains of red tape disappear so it didnt's take ridiculous months on months to get permits to break ground, you'd still have to answer for the fact that we can't get lumber, decking, fasteners or really just name the material because there is the biggest materials shortage in recorded history, only WWII compares in material shortages and there is 0 relief on the horizon because there is still various covid shut downs and restrictions.

The biggest problem is the land needs to be able to be connected to utilities so you can't just buy land in the middle of nowhere and stick a house on it, permits are also a concern but that varies a lot by location. 

@Snehann Kapnadak time is going to be your biggest asset.  

I settled on the Tampa metro area due to it being the 2nd biggest city with a young crowd while also not having the most expensive properties like Miami.I'm looking to purchase a multi family to start and then grow from there.