This can put her in a tax advantageous position (consult with your CPA) while deferring/avoiding taxes (depending on how you structure the deal). 

I'm new in town and would like to meet network with other investors for future projects.Thank you in advance and Merry Christmas!

You will be taxed at your marginal tax rate.Best bet: Consult your CPA and try to not do you taxes yourself.

It can take a little finesse, as some people have CPA's or Lawyers as the designated agent, but tax bills, etc, etc, can be little gold nuggets, and most people aren't as smart as they think about hiding themselves with LLC paperwork/corporations.  

Get your name out there and network like crazy!

Probably, not..... so start networking.

Also.. looking to network with any investors especially in the SoCal area (I’m based out of OC) so would love to hear some success stories / cautions of warning if anyone has some to share!

Check out the nearby members and network https://www.biggerpockets.com/meet , it will help you a lot to find partners that can help you out in investing.

Since I don't live in or near those places, I have no idea how to find good deals in those places since I have no network there. 

Hi Diana and welcome to B.P.This is a fantastic site for networking and learning from other successful investors.Have you considered looking in the Midwest?