I have have folks really struggle with this situation and it does seem as if one is trapped...Have you tried to figure out how to get off this non-ending cycle?

For instance I know of many 're investors' whose only 'investment' in real estate has been reasearch and throwing around offers with apparently never one account of having owned, sold, wholesaled, or legally otherwise invested in real property.In other words, it's overall a non-issue as far as qualification.

I you have a stabilized property, it will likely qualify of a non-recourse loan.

I've spent years doing real estate on a non profit level and even a large retailer.

They had paid the proper sales tax and had no idea they had to pay income tax as well.The short answer to your question, @Coleen Mathis, is that California has no idea what your profit is, but isn't willing to take a chance that you'll intentionally or unintentionally forget to file a California non resident return (like the clients I mentioned above).  

Here's my situation:I am beginning to contact banks, gathering leads from their non-preforming loans.

Definitely interesting flipping non-core condo properties, but don't transaction costs grind you down?

Initially are pet deposit was just that; a deposit that would be returned at the end if no damage; now it a non-fundable fee of $250.Folks seem willing to do the pet fee but like the $99 special. 

Two considerations:1) The owner carry note must be non-recourse - meaning no personal guarantee from you.

I think lack of non-street parking is an issue, but this is common in the area.