I am in the Redding area too, but have yet to find any meetings relating to REI.

I also wanted to say thank you to everybody that has shared their thoughts as I believe if we do end up doing a podcast we have a great amount of ideals to work with and I do I agree that while targeting military issues would be good, having the podcast be relatable to everyone would make a bigger impact.

@Daniel Moctezuma I totally can relate to be scared about quitting the security of a long term full time job. 

@Bob BowlingCap rate is not necessarily related to risk and it can be used as a measure of return.

I have found  that they are not related to the amount of rent but more related to the size and nature of the building.

It's also a relatively inexpensive area to live, especially compared to CA.

I have to ask...are you and @Luis Silva related?? 

I am relatively new to Bigger Pockets and had no idea how much emphasis was put on fees.  

Is your relatives' house going to be your home away from home during your flips?  

You acquire, fix the issue thereby adding value, properly market, and sell for top dollar (relatively).But, if your answer is an external factor beyond possible repair (general area, the manufactured/trailer homes a block away, the major highway with retail/industrial vibe a block in the other direction, etc.), then you're probably better off moving on to the next one.