You can use a note servicing company to collect payments and do all the paperwork, which I think is worth the minimal monthly cost.Foreclosing is not difficult in CA.

I'll probably use them to market the first property (they charge one month rent) and after learning from the process may list the second one myself.The other idea I've kicked around is to spend $1500 on minimal furnishing for the apartment.

I guess every location has its strengths and weaknesses, but I think for people like you and me being in a second-rated city helps minimize the competition.

In order to minimize my risks as I am very new to this, I am trying to search for a mentor who can help me work out the steps, get my hands dirty and create a system that i can replicate.Any help that you guys provide will be really helpful as I am still trying to figure out how to start, who to meet and what questions to ask.I look forward to meeting you all~Sid

Not as quickly, but I'm sure you've walked into a house that hasn't been updated and has received minimal maintenance for 30 years and thought "wow, what a disaster!"

I appreciate the motivation to further inspect my numbers and analyze what makes more sense, ether Investing more to create more living space or investing the minimal amount.

By flipping I was talking about a quick resale, i.e. minimal time held (the time on your option/title check etc), before reselling, back to back closing, bridge financing.

They want to see you successful for a few years in your new chosen profession to minimize loan risk.If for instance you are changing jobs for a promotion in the same field they do not count that against you.

They will do all the work for you and provide you a rental property with minimal effort on your part.

I've purchased the properties at low price points so they have minimal debt service.