So we took the advise and began educating cramming getting guidance and direction from other REI's on the venture with a burning desire to succeed for our children's future.So we took the knowledge and began applying it in the real world calling and looking at several potential properties and spending hours after work into the late hours sorting pictures and data for each property and researched rehab cost and run the numbers of the ARV no higher then 65% THEN THE ROAD BLOCK POF POF BEFORE WE COULD EVEN MAKE AN OFFER NEED POFAND FINDING AN HML OR PML makes us feel like we are dealing with a NATIONAL BANK.

Suffice it to say, I've paid more in taxes the past couple years than most families make in income in a lifetime, and yet I don't feel the need to complain about the government using my money to make this country a more desirable place to live or to try to ensure that children have health insurance.

Once you figure that out and the numbers are consistent for 3 or 4 months just invest more dollars in marketing to get the # of deals you desire.

We don't control the data but just provide it as you desire.

Don't massage the numbers to fit a desired outcome.

I've never been sorry for my decision.Many college grads can't say the same.Fields change, desires change, and grads may find they just don't like what they graduated in.

Our acquisitions department locates sites throughout the midwest and east coast and lets me know how many units they desire.

That will be a better indicator of the value of your property.Once you have the value, you can subtract out your costs (rehab, holding, purchase, selling) and your desired amount of equity/profit to determine a reasonable offer price.There has been plenty written here about how to do this...keep reading these forums and you're sure to learn a lot...

It's not, but there's so much bad press about deals falling through because of this there is a desire to put a stop to "and/or assigns" that goes all the way to Washington.The easy way to avoid all of this hassle is to do a dual closing where you're buying it and selling it at the same time.

If you need to build up $150k in equity per year, in addition to just paying your own living expenses in northern California, you need to be bringing in $200k/year from the start which sounds pretty lofty for even an experienced investor.Regardless, I love your attitude, desire to learn, and passion for investing and have no doubt that you will have success along the way!