Welcome to BiggerPockets @Jim Wilson, it's always great to have another industry professional join our ranks here on the site.I'm looking forward to hearing about the growth of your own portfolio!

I know the obvious path would be to take a job and save up money.I mean, things such as the FHA loan sound fantastic, but reading the requirements it says you need to have a consistent job in the same industry for two years.

I’m not sure what revelation they are waiting for but, just goes to show how the average worker in the RE industry has no clue what they are talking about with markets doing well a few hours away in the “Midwest”.

Property acquired as rehab (i.e. fix and flip) are held for sale and not for investment, so will typically not qualify for 1031 Exchange treatment.1031 Exchanges require that replacement properties be identified within 45 calendar days after the closing of your sale transaction, and completed/acquired no later than 180 calendar days from the closing of your sale transaction.

It's a totally different industry where parts of RE are only a collateral aspect, just part of the financing issue.As to usury laws, I don't know CA, but they vary state to state.

Also, I haven't had to use a bank loan to build my portfolio, either.My comment was inspired by a few associates in the mortgage industry that are really concerned about their business being adversely affected… to the extent that they are considering other options for work.Having said that… even if it does only apply to FNMA and FMCC backed loans, I can imagine there will be reverberating affects to the conventional loan market.

It really makes the place look updated for our future tenants.We started a pest treatment schedule so that they will be clear for when we start leasing down the road.While we are getting our security system in order, we put up a dummy camera facing the dumpster in addition to posting two yellow signs that say "smile, your on camera".Building Permit UpdateStill working on the permits required to do the remaining interior work such as the closing up uncovered walls, ceilings, plumbing, electrical insulation etc.

I have about 10 years of experience in RE, in the mortgage industry, home inspections, and fix-n-flips.

These are very large, major corporations in the manufacturing industry.

New to biggerpockets and am hoping to network with people in the housing industry.