And I know relatively little about the construction process (which is in and of itself a reason not to get involved with building), so I'd have to hire an outside GC or custom builder to do the job.

Agreed.You would need to consider some form of retirement planning that involves pre-tax contributions.

It sounds like the only reason this was had the notice is the city got involved, but knowing why might be impossible to find out.

What is the cost involved in renewing your California Broker License?

When I inquired for more details the guy would not come on phone and kept saying he is at work etc and would only text me at odd hours.

Jump in and get involved!

The only thing I have to overnight is the Deed that I sign when I sell to my buyer so the Title company can record it.The key is to keep good communication with EVERYONE involved so everyone feels comfortable and is on the same page.I love these deals!

My wife & I are self employed so after a significant amount of research we went the 401K(solo) route about 7 years ago.No guardianship, total (our own bank) checkbook control, no third party involvement OR fees etc.

It all depends on the extent of your involvement as to what is fair to charge.

The downside, as I found out just today, is that my plans to get involved in the off-mls area might be hampered by the fact that there is a lot of competition for deals due to low inventory.