Let me know if that is a horrible mentality or if I'm mistaken.I have to honestly say you completely lost me in your last paragraph though:"@Geoffrey Tan, a good thing to do is to have a long term plan as far as CA property because of the costs to sell but also because of the Prop 13 tax base.

I tend to violently recoil from anything with even a whiff of "get rich quick" because I disagree with that mentality entirely. 

Q1b: Investors that have experience in converting apartments/condo complexes/commercial spaces to health care, assisted living, etc facilities..

The law protects members of the Army, Navy, Air Force, Marine Corps and Coast Guard, including members of the National Guard, as they enter military service (active duty), as well as commissioned officers of the Public Health Service and the National Oceanic and Atmospheric Administration engaged in active service.

While I feel like a huge failure for conceding to bankruptcy (we  worked so hard to always pay every single bill on time without fail and maintained 711 credit score until filing) the stress of the rat race was affecting our sanity and health. 

The personal development practices have worked wonders as I am much more strong mentally and have acquired many useful skills.I work at Apple and have made excellent progress moving up in the company.

I don't really think anything of any of these rules, for the most part, other than the one I use in my head when I am doing a 5 second mental calculation on whether I might be able to come to terms on a property with a seller - and that number is 1% of my all-in rehabbed property for monthly rent.

This has resulted in an opportunity for us small note investors to help "heal" the wounds of this event, help borrowers if possible and make a profit in doing so. 

I also love browsing book stores and examining the TOC, Index and skimming a few paragraphs - - it's not a waste of time and you and your significant other can always go to dinner thereafter :)Here's the path we took to our MFU 6-units:looked for a property which produced a cash flow - - not interested in property appreciation values, but needed to avoid red inkthis implies learning how to evaluate a rentals economic health and value (what are GSI, NOI, expense ratio, DSCR, cash/cash and cap rates). 

And with that extra cash you might be able to use for another piece of real estate, flip, etcAlternatively, many folks will recommend thinking about wholesaling as a way in - I'm not pro/con wholesaling but this is a different beast and business to consider as a way to get familiar with the areas, and investor mentality, etc.