Third it pays off to do a good amount of research before diving into a fix.

If you are data mininh, it might be a really steep road, those are hard to find, and we don't know how deep of a detail you need.

These properties have to be at a deep discount to account for unforeseen problems.If you're not even allowed a due diligence period, I would recommend moving on to another property until you have a little more experience with mold, broken sewers, roof leaks, meth, etc.I just heard from a friend who bought a house in SF that, because of the competition in the market, did not allow for any contingencies.  

I grew up with parents that used to be realtors and have always had a passion for real estate, but never decided to dive in until now. 

There was a blanket LOC on a house I was buying only referenced by an APN deep in the documents.

Account Closed  there is no Lack of cash flow properties through out the mid section of the US and rust belt and deep south... along with PHX Vegas . 

Not just what you say is the reason, but deep down in your heart, WHY you want to build it. 

Yes, it's possible to make some money here but the market is super hot, a lot of investors here have extremely deep pockets and the demand is out stripping supply by a wide margin.

I guess I haven't really gotten that deep into it yet.

Ive been researching flipping houses and I am really motivated and ready to dive right in.