Treat investing as a genuine business rather than a side hustle.

Cash is king Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.With the increased popularity, it has created an increase in cost segregation companies and technologies all trying to offer quick and inexpensive reports.

It is hard to get enough cash to get started here in California, so I am looking to grow my capital through wholesale and fix/flip.

Some folks say that you get the most profitable places you can find and just spend the cash on where you want to go.I do like the idea of having places in various areas to both offset off seasons plus visiting.You have to ask yourself, how often will you do that.

I am looking to purchase in cash initially and then refinance. 

Good schools and great neighborhoods typically means higher purchase price and lower cash flow.

I'm writing an offer on a property that I'm planning to pay all cash for. 

If there are tax benefits, that certainly helps and can add to the wealth building by freeing up more cash for more income-producing stuff.My opinion, of course, but I try to encourage my investors to be wealth-forward rather than tax-forward.

Some of those local competitors will pay all cash, site unseen, with title issues.This is a numbers game, so find the zip codes/neighborhoods with a lot of market activity (i.e., the most dots on a Zillow map search) and delve deeper to see if it's an area of interest.Lastly, when looking up properties, be mindful of taxes.