The practice you get from analyzing deals will help to ensure you don’t pay through the nose for your first deal so as long as you know your limits and don’t bite off a bigger project than you can handle, it should be a very positive and informative process.

So if the practice of people using security as rent bothers you, you can use our clause:  "security deposit is not rent nor may it be used as rent."

What are the specific steps to wholesale that after the owner has signed that agreement? 

If the records show a matching mailing address, the next step is to knock on the door or try direct mail marketing.

However their taxes assed value are all above $50,000.So my question is, can someone provide a step by said process on how to argue a lower tax amount .

Hello Erin,    Congratulations on your big step into Real Estate Investing!

Now I'm not referring to trying to time the market because very few, if anyone can do that but just learning the value of staying patient as my goals are to buy and hold rental properties.Overall, my new game plan is to continue to learn and practice running analysis on properties and to work my but off at my job to have enough cash for when the market does cool off a bit to purchase 1-2 properties.

I should have my Agile Certified Practitioner certification by the end of July.The next steps for me are to find my next deal and really what I consider my first deal as it will be purely from an investing standpoint.

Other things you can use to demonstrate your intent would be your normal practice, rental agreements or rental listings, written correspondence with your professionals etc.You've got a pretty healthy gain to shelter for sure. 

While this to me seems to be a very practical approach there are zero properties in California that meet my needs and in the loan it states the property must be my primary residence.