The good news is at the end of the day, it netted about $28K and some more hard lessons learned for the the next one.

I have been busy with my job as of late, good news is I work from home...The past few days I haven't written any new letters, I think I have gotten in my own head a bit and started to discourage myself.I am going to start fresh tomorrow morning and maybe even head to the courthouse for the Foreclosure sales and see if I can nab some additional cash buyers to add to my list.Thanks for the encouragement so far.

That's bad news for a borrower because a conforming loan won't work on an unproven design.  

In quasi - related news - the place we spoke about in Windsor - was 210k, dropped to 198.5k, an offer of 130k was straight rejected, and 140k was countered at 189.  

If it's worth $140K ARV a quick sale at 95% of market and 7% closing costs would net you $123,690.The good news is all the numbers are positive, but pretty thin.  

No I actually rent and work in N News during the week and commute to my house in Colonial Hts every weekend.

That's great news!

However... this news article brings up a good point about the Salton Sea's resources (lithium) and how Tesla is considering locations in the southwest for their proposed gigafactory.

This is bad news for me as me and my family will be relocating there as totally new investors, after being missionaries for over a decade.

I still have friends there who are RE investors and doing well with rentals.I also stumbled across this list that indicates that if you are able to get in on owning property in the Newport news, Norfolk, VA Beach area (albeit buying in at the right price), there are no shortage of local renters for you,... provided you price your rentals competitively.http://www.realtytrac.com/content/news-and-opinion...That being said, San Diego is laid back the the epitome of Southern California chillax.