Interesting article.  

Like Memphis Jackson gets bad press:http://www.movoto.com/blog/top-ten/dangerous-small...While I personally feel that any "most dangerous" list article paints in broad strokes I can understand why out of town investors would take their money elsewhere.  

I am looking for any advice on how to prepare for such a career as a teenager; whether it be books to read, articles, ways to get more experience, or tips on skills and habits to develop.

Many articles talk about the ROI and 'good deals & bad deals', but realistically it seems to be impossible to find ANY property in Los Angeles, which would pay for itself by renting it out.

As i said, the numbers look good, but because i've only been exposed to the Cleveland market for a year i felt like i could use an advice from experienced investors.By the way - this is the article that i was referring to, and what made me worry about my investment strategy: http://www.biggerpockets.com/renewsblog/2014/02/25...And to be honest, i can kind of relate to it.

Here's a link to an article about it:http://www.cnbc.com/id/101092547

Educate YourselfSet Investment GoalsNever SpeculateInvest for Cash-FlowBe Market AgnosticTake a Top-Down ApproachDiversify Across MarketsUse Professional Property ManagementMaintain ControlLeverage Your Investment CapitalI’ve elaborated on each of these points in my article 10 Rules of Successful Real Estate Investing. 5) Where did you invest?

I found this article which seems to point me more towards filing Schedule D http://ezinearticles.com/?

Check my article about low income rental[link]http://www.biggerpockets.com/articles/1508[/link] Good luck

According to the article, the banks ADMITTED TO FILING FALSE FORECLOSURE DOCUMENTS!