Ultimately my desire is to replace my current income, finance child's higher education and build wealth so that I may retire comfortably.

Me and my partner found a FSBO property in a pretty desirable area of Southern California and after contacting the seller in regards to it, he said the home is a complete tear-down and isn't in any condition to do a quick rehab/fix and flip.

The next big step might be to identify your unique angle in the business.

What is considered an ideal % that you all consider most desireable?

We have stained regular concrete and done river rock finishes which take about a week longer to dry at the foundation stage but make a unique look for the floors.Is there anything different done other than typical pour that is required?

Again, RE is unique and in reality there are few indicators that may apply to other financial markets that will apply to RE.

Thank you for your input Mary, that's what surprises me, this is a very desirable neighborhood and the pricing is about 76% of ARV so there is good margin... 

I think it's pretty typical of most cities and suburbs in the US if you don't include certain states like CA.Typically the cheaper a property is, the less desirable it is and the harder it is to find a good tenant but I would say this also varies from location to location considerably.

Wholesaling wouldn't be a problem since it's in a desirable area.

I found the Phil Pustejovsky Freedom Mentor program which seems unique but I am reading a lot of interesting feedback.