Being a hard money lender to developers/flippers is passive and not taxed.Ultimately the right solution will depend on your goals, and speaking with a professional in the field as well as your licensed tax advisor will be the best way to get a handle on your options.

A-class, no CF assets tend to be more for the busy professional who has to call contractors for every little thing.  

Some RE professionals are recommending selling Ca. properties in anticipation of a market correction and investing in multiple properties in other states.  

It is a good place to connect with real estate professionals and to learn about real estate.

However, we could list our home tomorrow for $140K.Clearly I understand that I'm comparing apples to oranges bc a mobile home is not officially real estate and our house is.My point is, I think (and I could be wrong) that I could rehab this property and sell it for $27K.Thank you all for the input, this really helps as BP is my one and only location for industry professionals to weigh in on this situation.I know my first deal won't be... well, ideal.  

Welcome to BP and and I'm sure you'll learn a lot from this site.Lots of professionals on here that know their industry very well.Enjoy and good luck.

Do your research.Above everything, once you do some of the above take action, please do not be only a professional student of real estate investing...Cheers!

I am studying for my broker licensure exam this February 2016, and I'm really excited to be a professional realtor.

I use them all - CL, Postlets, Trulia, etc - but I find that my professional looking sign in the yard, and referrals, has by far generated the best options for tenants.

It is a good place to connect with real estate professionals and to learn about real estate.