As opposed to Albuquerque where just had a 220v outlet/dryer vent no permit $350.00 buy one of my "guys".  

I invest for cash flow income as opposed to appreciation, and find that in SoCal cash-flowing rentals are virtually nonexistent. 

This as opposed to feeling the pressure of having to know everything before you do anything - that's often overwhelming and distracting.

The use of leverage, while adding some complexity, can result in significantly higher cash-on-cash return as opposed to all cash purchases.  

We are not opposed to some forced appreciation though if there are any good fixer-upper properties in the area! 

Does anyone have any idea what this would do to resale value of the home - owning the actual property outright as opposed to owning the building and ground renting?

The area is coming around quick, but I would be more inclined to buy/hold then flip in 2-3 years when the neighborhood has more of the amenities that attract homeowners as opposed to renters.Just my 2cents.

Of course you can find some gems that way, but is it worth your time to do so as opposed to finding deals via MLS, Craigslist, bandit signs, etc.

Beautiful homes, do you find it more lucrative to build town homes as opposed to single family dwellings?

Once you garner transactional financing does it have to be seasoned to sell to a homeowner as opposed to an investor?