If I can get a family member to (gift) the funds to me then I would still be able to get it in my name correct?  

Easiest example is Blackstone purchasing around $100 Million a week.

It's one of the easiest licenses to get in this state, which I find surprising.As far as a team, you may want to introduce yourself to Patrick Britton. he is a RE Loan specialist and wholesaler up in Blaine.

It sounds like you're planning to use OPM for your down payment, but that's not an option with traditional bank financing unless the money is gifted.

Family member has to sign grand deed for gift but I'm afraid I'll be taxed on equity gift at very high tax rate for California gift tax.

If you want a lot details, his book on rehab and repairs would be a great Christmas gift for you.

Not the easiest for the mechanically illiterate.

For a class A property, you really could manage yourself; those tend to be the easiest to manage especially after a thorough rehab was completed - the rehab cuts down on repair calls due to system failures. 

Makes crossing the bridge from interested prospect to closed deal much easier.5) Create a clear path of expectations, step by step that the seller can see, feel, hear, & touch.Inspections and closing a are the easiest: pay the local experts to keep you out of trouble, if you try to be cheap with this part, the deal isn't good enough.Local escrow, title, legal, traveling notaries are great resources.

I know it would be easiest to sell it out right but I think we could get a little more money and learn something in the process.