Are there any specific compliance or regulatory challenges I should be aware of in California?

Was it hard getting involved with real estate after your bid ?

I'm Tim Canley from Santa Barbara, CA and passionate about real estate investing for 2024.

When I was growing my first real estate portfolio of small MF properties, I kept a list of non-pressing items that needed to be addressed at the properties.

This is 100% top advice to think about - each state (and sometimes, often municipality/city) will have different processes, rules and yields for this - it is a very location-specific strategy and have to hyper-focus on a local market (more even for the rules/process than the real estate knowledge) to have success

For example, residing in California but brokering hard money loans in Florida with no license?

They've been good tenants but don't have any real means to qualify for buying the house in the traditional sense.

I purchased a property about a year ago. I paid $515000. The property includes two separate parcels each with there own address. One property is about 3 acres that my main house is on and the other is just land with a...

We still need to send the business plan to one of the private lenders who we have been talking to and who has been giving us pointers helping us along the way as we are new Real Estate Investors. 

Wait patiently for the tenant to buy real estate, then record the judgment in the county where the property is located in order to obtain your lien -- the balance of which has been accruing interest nicely in the interim.Anything else is a waste of resources.