I owe specific thanks to @Scott Trench for his book, Set For Life, which played a big part in my decision making process, as well as @Brandon Turner and @Joshua Dorkin.I've spent the last 3 years behind a desk as an MLO for one the country's biggest hard money lender, working specifically with brokers across the country to facilitate loans on behalf of their clients, and the learnings from that position and the time I've spent on BP, reading the BP publications and forums has given me the confidence to undertake this life changing pursuit.If you or someone you know/partner with is looking for financing on any upcoming real estate investment, let me know - I strive to be of value and have an extensive lender network to ensure quick terms and reliable financing.

So some quick numbers:-Reno cost $8200 (i did most of the labor)-combined income 50k (w2 married 2 kids)-sell price est. 100k (comps between 100-115k) and 100k is me being generous because most of the comps are not renovated. 

Hey BP,Just curious if there are any investors who could give some advice or share their personal stories about how they’ve invested successfully in California.Some quick info about me: I’m 24, college student, two part time jobs, and am studying real estate/RE finance so I️ can buy assets ASAP.I’m based in Torrance CA which is an expensive place to live.

Your factory workers may be in a situation where they can easily work some overtime and quickly earn the deposit. 

Thank you @Dave Foster for the quick lesson on alternative like kind exchanges, useful info for sure!!

One more quick question for you.

In regards to keeping extra supplies. one of the things she requested was a locked closet with extra supplies (clean linens, towels, etc) with a key for the maid so the tenants won't be able to access..she said this is important when you have quick turnovers and there's not always time to do laundry.

So I’m pre - pulling the trigger, but I do have the ability to find quickly once I decide on a home.

BUT you have to be quick on the good deals .

quick question, is the stuff he was allegedly stealing (an arrest is not a conviction) going in your house?