In 2004 and 2005 there weren't many foreclosures, but flipping was very popular and competitive.

My favorite saying is "applied and accurate knowledge is power".If you learn something accurate but do not put it into practice you will get zero results.If you take inaccurate or half-accurate information and apply it you will not get the results you want.The combination of what you just learned being accurate and correct and the implementation is what makes the best chance for success.I usually just look at the books for free and pick up tidbits that way and read on this forum and also read state statutes and federal statutes.Tons of fascinating info there you didn't know.

There is a way of getting with the owner and buying out the mortgage, but that too takes immediate cash.Probably best just to show up at the sale.And yes, you need to be preparied to have a tenant for 6 months from the date of sale, as anyone with a valid lease in a foreclosure is covered by new federal law.

There's a lot of factors that impact it, one of which is your local community.In some areas open houses work, in some they aren't that popular.

For example, I have seen it to be very popular in AZ to use some very dark colors on walls, that would never fly here in So Cal.That said, brands are of less importance than the actual color choices.

They’re also subject to strict regulatory oversight at a State or Federal level.Administrators are the next type of company.

If you pass, then you enter into a section 8 contract.As for saying no pets, you can say that you don't accept pets, but as you probably already know, without citing the sections of the federal (ADA) , California state (FEHA) , and municipal laws (I am sure there are some LAHCID regs on this), I will just say that you cannot legally discriminate against disabled tenants who have service animals by claiming it violates your a no pet policy.  

Make sure you understand what exactly the scope of the search is, if they check for just liens & judgement or do they also check the tax status, federal tax lien search etc.. 

You may find that one style is much more popular than the others.

Our federal return remains the same but our state return is about $1000 lower than normal because CA doesn't have capital gains and it is taxed as normal income.