So it sounds like a straight cash offer would fly.here is the Oregon one  look up Washington oneAs used in ORS 646A.702 to 646A.720     basically what is says is if you buy a property in foreclosure and U flip it you have to give the old owner a % of the money you make on it  there are time lines and %  calcs in these laws.it was for this reason I stopped doing this.. now if you buy at trustee sale or sheriffs sale this law does not apply just in pre foreclosure and these were enacted during the mortgage crisis.. but they remain on the books.. 

I always hear about corporations, Robert Kiyosaki drills corporations into your head for better tax rates, along with Warren Buffet, and multiple other articles/ books I read.

All as if you're going to do it yourself.That way you'll have a pretty damn good figure of what it costs to remodel a bathroom, replace the flooring in a 1,500 sq ft house, landscape a backyard, etc.That'll be an amazing education for you, and you won't have to take a contractor's word for it when they quote you a price.Also I would get the BiggerPockets book for estimating rehab costs too while you're at it:https://www.biggerpockets.com/store/flipping-estimating-physicalNot the answer you were looking for, but hopefully it's the information you need.

So do your due diligence and make sure that the strategy you know works in California will work in other states as well.If you don't know the area, here's what you'll need:A local real estate agentA loan officer licensed to originate loans in that stateA local property manager (they should have repairmen, contractors, etc. contacts for you)It works best when you have local "boots on the ground" so to speak, meaning friends or family members who can keep an eye on the property for you... which your property manager can do for you, but for a fee.I would recommend reading BiggerPocket's book on long distance real estate investing for a ton of other tips as well: https://www.biggerpockets.com/store/long-distance-real-estate-investing-ultimateIf you have any questions about the Phoenix Metro Area market when you're considering which area to invest in, feel free to reach out and I'll try to get your questions answered or point you in the right direction!

Please share your favorite or highly recommended book, article, podcast, guru or any informative real estate source?

Over the past six months I have been listening to the Bigger Pockets Podcasts and reading a couple of the books that guests recommend (Rich Dad Poor Dad, The Miracle Morning).

I finally put my first property under contract last night.

After a few strike outs, I've finally found a realtor who is young, but already working with other investors, really responsive, and actually has a passion for real estate. 

After I get my 10th and final loan, I will definitely use this method. 

I am currently reading a book that the author was doing his research that apartment buying and selling was the number 1 real estate investment in real estate.