Point too is that most RE types are not going to be qualified to vet qualified investors, if they error it's on them, if their CPA or attorney accepts that liability, you have two legs to stand on.My only other concern is that while these special rules flew threw under a jobs umbrella, RE investments are not real job makers, at least to the extent intended initially.

Try www.therentalgirl.com - no connection to them other then i've rented through them before i bought, and it's a friendly collection of women-agents who specialize in unique areas, one of the may tackle La Canada Flintridge

Identify and pioneer the next emerging market/product.

Get that degree and don't stop with the BS degree but go on with specialized training opportunities and/or a Masters if you plan of real commercial deals.

What do you do to keep yourself focused, motivated and productive, while in a holding pattern?

It's not fun but you do not want insurance exempting these types of things before closing and biting you down the road.Some attorneys if you call around that specialize in easements and encroachments will talk to you on the phone.

If you were to market it to a homeowner as a "Handyman's Special" for $40,000 or even $50,000 you might make a quick sale, but to an investor, it's not a deal.

In LA you have to screen the heck out of your tenants, but the good news is that the demand is astronomical for well located product and people can't afford to buy so the tenant pool is generally much better than in lower cost markets.Like I said, I am ready to diversify though.

So I just got back from a VERY productive meeting with an out-of-town landlord who's tenants just moved out.

That being said, Quickbooks is a pretty poor platform for the kind of inventory production accounting involved in flipping.