Every investor, properly concerned with very specific and measurable outcomes, takes on some amount of effort to reach those outcomes.If that effort includes reading prospectuses in order to pick stocks, so be it.

When I post ads on craigslist, I have 4 or 5 questions at the bottom that need answered and I only use the anonymous e-mail at first.  

Early on I e-mailed the listing agent of a property I was interested in and she replied and attached the standard Realtor PSA for my state for free.  

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).  

I have succeeded, after a few tries, in obtaining the e-mail of an individual who can submit my request to be a qualified buyer/disposer of distressed assets.

If there is no motivation and no equity you don't have a deal so don't waste your time.Hope this helps.Sincerely,E.

I am definitely thinking more about the appreciation for this properly vs the cash flow (for now). 

Might be difficult for folks to print from their phones and such after receiving your e-mail link.  

Ask them to send you e-mails when properties are available that are in the radius that you are looking for that have any second living arrangement - MIL, rentable basement, duplex, triplex, quad, say under $200K.  

Or is just proper sealing and paint?