I can see the math proves it will not very profitable on the front end..

In the next couple of months, upon my return home, I'd like to begin focusing on various pockets within the Southern California market.During the Dubai summers, when the heat gets to be a bit too much to handle, I managed my cabin fever mostly by reading and studying all I could get my hands on.

Not to say I may not agree with an appraisal, but if I disagree I can prove my point.

Jonathan Hi Johnathan, I was reading and studying Wholesaling....I am still struggling with the process of it, is there anything on this site or do you have anything you can send me about the process...for example I know from being a former real estate agent that earnest money is placed upon a mutually agreed signed contract usually $500.00 depending upon the value of the property....While that is not an enormous amount of money, if one sets out two or three contracts trying to whole sale it is a risk of loss if the deal does not go through...since i am restarting or reentering this real estate investing world with limited resources, I was wondering about strategies and specific process to follow that help minimize the risk...I like the double closing ideas, I had watched a video on wholesaling and that is how he described it as well...any help would be welcomed.  

I heard that people that cannot prove income will put years worth of rent in their lawyer's escrow account and each month the lawyer sends a check to the landlord.Joe Gore

@Jon KlausWe researched the markets and consulted several studies produced by large broker firms.Job growth and local government support for job growth are 2 big criteria.Paul

Do I double time to get the money, or be patient and keep studying?

I think I am going to start studying for my RE license and get it so I can get into the MLS and see what is going, not be dependent on agents, get more familiar with my market.

A few especially important places to check out:The Ultimate Beginner's Guide to Real Estate InvestingBiggerPockets Podcast (You'll love these)and How to Buy a Small MultiFamily Property: A Step by Step Case Study (this goes with my 7 Years book pretty nicely)Anyways, great to have you on board here!

Hope you'll monitor this thread @John ChapmanWe may get more posts as I'm sure .many operators stick the LLC documents in a drawer and forget about them.You LLC doesn't need to be read, it needs to be studied carefully.It also needs to be tended to, there are entity maintenance matters to oversee depending on how it is structured you may need to keep your LLC tuned up monthly but at least annually for it to perform.