And lastly, I reveal there how I made over $37K on a property that other investors would just pass on because they don't know how to make money on a house you buy at 93% of market value.Regarding your goals, I think you should multiply them by 5 or even 10.

Whatever that ratio is I multiply times the current tax bill.

Ultimately trustee sales have risk to them but with proper due diligence and research can be one of the most consistent ways to scale an investment company. 

However, I have seen many short sales where their actually was equity in the property and the shortage consisted the past due payments, a real estate commission, attorney fees and costs from the foreclosure process, court costs and closing costs. 

WF on 3 occasions told me different versions of what their HELOC structure consists of.

This would consist of 3-5 people (ideally in the bay area) that are very serious about accelerating their real estate investment goals and learning.  

Eventually I'd like majority of my portfolio consist of notes.

Are those terms consistent with your experiences, or have you seen 80%+ LTV?  

Most deals coming from consistent direct mail.

It has been an affordable way for me to accumulate houses in the $40K price range that consistently rent around $900/month.