Once I figure that out I might have an idea of what would be the best route to take as far as fixing and flipping or rentals etc.. but I def will keep you posted

While I'm okay with the idea of having a mortgage again, I'm struggling to choose between and 15- or 30-year term. 

thanks @Deanna McCormick I have a good idea about the rent rates, I was mostly concerned with any legal issues with raising rent to market.

Since they sold something there they have a decent idea on price, neighborhood, how easy/hard it was to sell etc. 

I could go on but I think you get the idea.

But I think in all cases using a Wholesaler might be a great idea, but I can't get over the fact that if they have these great properties.Why aren't they doing it themselves? 

Do you guys have any idea of good places to invest outside of California ?

No matter what creative idea I try to give them, they wont listen.

I recently listened to a podcast wherein an out of state investor referenced google maps in order to judge the vitality of a given neighborhood, but I have qualms with putting my (and my partner's) money behind a virtual litmus test of a neighborhood.

I'm still in the process of studying up, so I can have somewhat of an idea of what I am doing.