I know some lenders talk about getting deeds in Lui at the time the loan is made however this is not legal and can be challenged very easily by the borrower so that's not recommended at all.So in my mind reserves are a must if your going to do anything with real estate in SDRA.

I'm 30 years old and am in the process of purchasing my first home (a SFH) as a primary residence in Atlanta and am seriously ready.My biggest challenge is obviously where to start.  

I am currently in San Diego and this market would be challenging as a place to start.

The latter would be a bit more of a challenge, and if investors are looking for 10-12% CoC returns, maybe it would be easier and more profitable to raise the $100k, then get a bank loan at 5% for the rest.

I'm up for the challenge.  

They will usually ask for references and indications that you keep your word and satisfy your obligations."

I grew up in the Bay Area and Richmond is probably going to present somewhat of a challenge for you to get quality tenants.

I think it is challenging, but do-able to invest in California for cash flow and buy and hold, but it does take more work. 

So if your market is a bit challenging, get in some of the more welcoming markets - Ohio, Michigan where the entry is not high and its easier to get started. 

Why offer more than what it "may" be worth now to satisfy a "value" that you don't know will truly be in the future.I'd just offer what will work for your numbers and not try to bank on a future value that may or may not be realized.