We cleared a $70k profit on that property and fell in love with house flipping in the process. 

This property had recently come back on the market because the previous buyer fell through during the closing process.

(Hint: Make your Professors fell in love with you and they would do magic for you). 

If you're just throwing lowball numbers out there all the time with no rationale behind them (i.e. run the numbers), you're probably not going to find a realtor who takes you very seriously as an investor.That said, before making any offer, I would spend some time trying to find out more about the seller, their motivations for letting the property go, why the last deal fell through, and if they're even open to offers.

As it turns oout the deal we had to sell 3 of the 4 remaining fell through and I'm sorta kinda glad.

I took out a loan to complete the reno's but because we didn't have the tenant at the time we fell behind on this too.

Work has been pretty busy over the past couple of months, so I kind of fell off the deal sourcing.

I am looking at one that went under deposit in August, came back on the market in late October (I am thinking financing fell through), and now I am looking at it. 

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.