I wouldn't think just turning it into a rental would be the best bet, but it's an option.

I'm actively searching for auctions and have been looking for more ways to find these sales before they hit Zillow or Realtor.

I totally agree with you, that no matter how much we do things online these days, nothing can replace face to face meetings and other social activities.

There are a few active on Biggerpockets and likely a few where you are located.

@Russell Brazil @Joel Owens are you guys actively looking at deals?

@Jared M Pilarski I really encourage you to go to the meetup: if you make a goal of introducing yourself to ten people there, you have a good chance of making a connection with someone who can help you along.One other tip, and this is something I have been working on as well, is GET ACTIVE in the forums!

I would like to get opinions from other BP types on side income & networking opportunity that I've stumbled into.I'm an active REI investor in Southern CA with a day job in the electrical industry; I've been actively employed for over 25 yrs, and I plan to replace my W2 income with rental income over the next five years.

It's safe to bet on 20% of the loan, plus 25% of the rehab costs, plus money for holding the property.

I was actively shopping for a 'fixer upper' multi family in one of our local emerging neighborhoods, when out of nowhere, a Dave Ramsey fanatic walks into my life.

I'm really curious how others relying on this strategy hedge their bets to decrease their exposure.