Good for you Zack,Get out and visit as many properties as you can in your target area and you'll begin to get a sense seeping in as to what feels like a possible deal.

Being that I am in California and its not the easiest to cash flow what would be an ideal target for my Cash on Cash return to be? 

[3] Do you have a target market for renters?

I'd be very conservative on debt, not worry about reaching a target at a age(say house by 26), and take risks to elevate your career.

Targeting multifamily properties that are in need of maintenance.

@Crystal Smith Do you know other other Chicagoland cities with the strange laws targeting investors. 

You have to target motivation and start making calls, foreclosures, tax delinquent, code violation properties. 

Target price being around 1 million.

@Matthew Banks- thanks ...1)  if buying 1st property as your primary  residence  - you should target  3-5% down payment for whatever your  price  range  will be  .....keep in mind you  will also need to have  funds saved for  the new loans  loan fee/ closing costs / prepaid taxes insurance and interest  .....you are allowed to ask the seller to provide a  credit that can be used to  cover some of these  items  .....get  pre approved  so you can  learn  the process and  understand the  numbers  ...good luck

I am targeting wholesalers through facebook groups, and hope to indentify good events in south florida to meet more wholesalers and investors.