What works for the individual is always key, however Ca. does have a boom/bust market, as you have experienced.  

I'm especially interested in learning how to successfully flip properties, as well as, renting out single-family homes or small complexes.I'd also love to connect with experienced investors either in my area or through this site.

Buyers for such low end homes may have difficulty getting financing and demand may be low.

Inside the old panel we found several breakers that were literally ready to fall apart & they had obviously had experienced some arcing.My 200amp upgrade cost about $850 including parts, final inspections, 2 breakfasts & a lunch.

Your ground lease is in force for the sixty five years base all your numbers on the lease taking in account cost of living increases built into the lease  the only danger is what happens at lease expiration or if the owners sell the land You could be in for a steep increase sixty five years for now or have a buy out offer form the new owners in case of a sale As i said before get a copy of the ground lease, and the rents rolls for the tenants and run it by an experienced commercial lender No need to worry until you get the facts You have an inside deal which can be the most profitable or might make a good wholesale sceanrio

Once I find a good turnkey company to work with, I can learn from an experienced mentor along the way. 

In this low interest rate environment it shouldn't be that difficult for an experienced rehabber to find private money.

Also, network with the experienced landlords in the area to figure out common trends in your market and help you run your numbers more accurately. 

However, the problem I'm haven is that For you experienced flippers, will you usually plan on replacing all older mechanicals, as a general rule, or do you wait until the inspection and then negotiate with the bank?

Hello All, experienced investor in buy and hold and flipping properties.We are transitioning to building a business that buys and hold and flips properties in the Miami And Broward Markets in Fl.