It has to do with an interesting aspect of leverage that not one in a thousand business owners, CEOs or accountants ever recognize -- and those are the intangible assets. 

And, then the Escrow Company will recognize this transaction?

Now that we have YouTube, the actual work part will be much easier for you than it was for me, especially because as I'm also a woman, I had to learn how to recognize bad (chauvinistic) advice when I was getting it.

But I do recognize that I'll probably have to start out investing in cheaper markets outside of CA.My credit is shot.

I've had the pleasure of spending time with names you'll all recognize and I value those relationships and am proud to be a part of this community.  

Hey all, I quit my W2 6 months ago with solid reserve set aside and a proven business model.  

You can usually use that new rent as income if you have a history as a landlord (rents collected show on tax returns) and have a lease on the new property with proven record of deposit, first month's rent via cancelled check, and bank statements (two months of the account will be requested... naturally rent/ deposit must match the terms of the lease). 

Some states also recognize a company that has been using a name prior to another company filing with the name, but that discussion is too long for this format. 

If you can bring 15-20% the capital to a deal, you may be able secure conventional financing with a Vendor second of 10% (or so), otherwise, it is rather unlikely anyone selling a property large enough to provide you a net cash flow of 80K per annum is going to carry financing, at a high LTV,  unless you have a proven track record.As your expertise is in sales, why not find a proven sponsor (Hint: there are few tagged on this thread) and offer your services, along with what capital you have to invest, for a piece of the action in one of their deals? 

He would do all of the footwork...find the house, rehab it and sell the house....He has a proven track record....he has been flipping houses for a few years now and has profited at least 20% on every project.