Markets closer to where you live tend to be easier to get started with as you might be able to learn the processes of managing a short term rental.

Usually I find that FSBO's are way overpriced.600K to 800K is a HUGE swing.

Our screening process tends to keep riff raff out, but like any real estate deal we see the occasional problem child and deal with them swiftly before they upset the order of the home.  

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

Just spend the next 6 months browsing these forums, listening to the podcasts, reading a few books.Then start connecting with local realtors, general contractors, and developers.Post any specific questions you have about the process here in the forums and you'll get answers within a few hours.

Hi, I am in the process of purchasing my first investment property.

If we follow this process, it would take us 2500 properties to replace our salaries.

I want to know the process to get started on building 3/2 duplexes.

That is huge! 

Thank you. you can reverse engineering the process , most of these note company are regional or even city wide only, so someone that's offering loan in Alaska would not been able to provide the same in state of Florida for example, so there should be a license that's allowing those company.