Upon discovering it, the tenant and her neighbor turned off the shut-off valves, swept water out the patio door, used a shop vac and many many many towels.  

. :)Good luck in discovering which niche you enjoy most!

Big mistake.But it is these satellite communities that might provide a great low-risk/low-barrier to entry live-and-fix while your discovering the region.  

I discovered this website by browsing through some podcasts.  

My former wife used to teach elementary school located next to the Santa Ana River and cranes would occasionally grab them in their beaks and some of the catch would land in the school yard, only to be discovered by kindergarten kids with puzzled looks on their faces.

Counties discovered that their Notices of impending Property Tax Foreclosure were being used by investors to identify abandoned real estate.   

I'm not sure what the property will appraise for after renovations, but I estimate in the area of $125,000 - $140,000.At that point I will be into the property for $95,000 in cash.Doing the research on traditional financing  I have discovered that I have two options (three if I declare that I am owner-occupying the property); 1.

Appalled by discovering how much weight one has gained. 3.

They may begin to accelerate the mortgage, if they discover title has changed, but it will take time. 

As you can see I have looked into a few niches, but am continually discovering new ones (just watched a podcast with an investor doing subject to deals).Would love your input on my line of thinking in terms of kicking my real estate investing off.