@Andrea Delgado @Russell Brazil is 100% correct on selling this property at 900K in year 2.

@Russell Brazil I agree; I acknowledge that a market crash yields a travesty for some, and a gold mine for others.

In a nut shell and with out getting too complicated there are two main differences between the two.1.

I've been listening to Brandon and Josh at 1.5-2x speed commuting 4-5 hours a week (lol, it's true, people think I'm nuts when they hear me) and tackling a little bit of reading (as much as I can with a 20 month old and a 2 week old at home.)  

I will make more Easy Money with Futures Trading in my Roth IRA and I have properties in Brazil that need my attention.

repairs, tenant, nut, hassle involved with first 2. where/what to buy?

I took it last fall The National portion was pretty straightforward however the Maryland portions are very heavy on strangely worded Ethics questions Russell Brazil's advice to pay for and do the PSI practice tests is outstanding advice as thepractice tests really helped meBest of luck

@Russell Brazil $60-80k

However as I have been researching the nuts and bolts of this type of deal, I am beginning to come across different sources that say this can be extremely risky and even illegal.

Welcome, @Sakshi SharmaSoCal can be a tough nut to crack for newbies.A couple years ago I mailed out lots of letters to homeowners in LA County with no luck.Then I tried rural Kern County and got a deal from a distressed homeowner in California City.The margins were not as large as they would've been in LA or OC, but I was able to rent it out for 2 years before fixing it up and selling it for a decent gain.Have you considered an owner-occupied small multifamily for your first deal?