My advise is that you need to talk with a lender to learn your options/rates/etc...Either a bank or mortgage broker (Like Guaranteed Rate, etc...)FHA loans actually provide 97.5% financing, so you only need 3.5% down.You would have to purchase the property in your name.Perhaps down the line you can quit claim to an LLC which is pretty easy to do.My advise go for 4 units, the more doors the better.

Need some help analyzing.Property Valuation = 66kNote's Unpaid Balance = 25.2kNote Sellers price = 21.6k (standard 85% of UPB)Sellers claims note "performing", but has unpaid taxes of 8.5kLoan maturity in 5 months with balloon of 25.2k paymentChances are this will foreclose!

The house would make a good long term rental at best so you can put in a cheaper kitchen and bathroom from Home Depot rather than expensive custom work.I wouldn't offer more than 225k for the first offer and not surpass 230k on the expected counter offer.

I do suggest you understand full costs so make sure you know cap expense in San Diego which I claim is ~$300/month per unit.  

I don't personally know Fortune Builders, but generally speaking anything a guru program claims they can teach, you can learn on Bigger Pockets with a little time invested posting, reading the forums, and listening to the podcasts...all for free!

I acquired a home by Quit Claim Deed about two years ago.

I've downloaded and customized the forms and am actively trying to make a plan based on the activities outlined in the book.I currently have partners in my flipping business, one of which takes the main role of determining WHAT to do (SOW) for the house. 

Ask me how I know this....2) the hardware at ikea for cabinets (drawer pulls, etc) is not the best, and needs some patience and tweaking, but can give you a really, really cool look for a lot less than custom.  3) if and when someone tears through the outer laminate (plastic) layer on them, water will destroy them in no time (think under-sink leak)

A "customer" who turned out to be another owner in the building rented the apartment via AirBnB under a false name and after being there more than 30 days gets legal possession of the rental under SF law and cannot be evicted. 

The dealer should find a customer for you quickly.