I'm speculating that this was never really a "good" investment and that the cash flow negative aspect wasn't an issue 6 years ago since prices were stable or going up.

I have started marketing for sellers and will see what buyers I can in the meantime though I will put much less emphasis on that aspect of it.

Find another successful rehabber in the area where you're looking to buy, and see if he'll manage the process for you for either a fee or a cut of the profits.For example, we'll do this for investors in our area (some local who want to be hands-off and some out-of-town investors); we'll do a flat fee or a percentage of the profits and basically take care of every aspect from buying to rehabbing to marketing and selling.Having a one-stop shop is a great way to simplify things, especially if the person you're working with already knows the business...

The education required to become licensed will help you learn about the legal aspects of buying and selling real estate.  

Hello,I've recently hired a VA to help automate certain aspects of my business to include lead screening.

It took a few years to get a solid grasp on certain aspects in the real estate industry and to be proficient enough to confidently bring a serious benefit to friends and family.In your circumstances, you are already a seasoned real estate professional.

I am motivated and thirsty for knowledge in all aspects of real estate.

P.S. we have other people doing all the writing and stuffing of envelopes so we can focus on other aspects.

The off market aspect stops any bidder wars from increasing an already expensive property, which seems to be the norm in Northeast Los Angeles neighborhoods.

Pick an aspect of the flip and it went wrong: over schedule, over budget, manpower issues with contractors jumping off the job, design flaws, payment terms, forgot to fill the oil tank over the winter and ruined the radiators and downstairs flooring...