You might also look at out-of-state investing or passive partnerships if California feels too tight to start.

Currently, I live in Encinitas, CA but plan on relocating to Santa Fe to stand this investment property up and work through renovations, etc.I'd be incredibly interested and grateful for your insights into the Santa Fe market.  

Here is what looks like a fairly detailed article for California:https://rentprep.com/blog/legal/california-abandoned-propert...Best of Luck!

Getting together with others in the space was cathartic, started some relationships and allowed me to conversate with others that understood the day to day of REI.I'm in CA and invest in KC Missouri, not opposed to having in state people/investors too.

Here is the context: I'm an investor out in California and have $30k to get started.

Montero, Marine Corps veteran and founder of Summit Legacy Holdings, a California-based holding company focused on building long-term wealth through BRRRR real estate investing, land acquisition, and sustainable development.I started my credit and financial journey with very limited resources, using small tools like the Self App, disciplined credit building, and consistent vendor accounts to position myself for real estate investing.

@Mic Salvadorhello. i get the appeal of wanting to start in a lower cost market since you're based in CA. 

.- These will be investment properties, not primary residences, as I currently live in San Francisco, CA.- I've already started the pre-approval process with a credit union based in North Carolina, but I'd love some help understanding how to structure the gift of equity correctly for investment properties, what documentation may be required, and if there are any specific limitations or tax implications I should consider.- My goal is to close on both homes by the end of the year or early next year.If anyone has experience with gift of equity transactions for invest properties -- especially in North Carolina or involving out-of-state buyers -- or can recommend a loan officer, lender, or real estate attorney familiar with this setup, I'd really appreciate your insight.Thanks in advance!

Where do you think CA ranks on investor residential purchases as a percentage?  

Hot take: Your first deal SHOULD be messy, uncomfortable, and borderline stupid… and mine definitely was.In 2017, I bought a house in Little Rock sight unseen from California for $28,250.It was a foreclosure listed on Zillow.It looked rough online.In person?