Quote from @Al Watts: @Jay Hinrichs btw i wish my dad was doing land sales back in the 60's and helping the family get a head start --oh wait he couldn't because he was being sent to the colored folks bathrooms and drinking fountains instead and being denied at the banks... 

I have flipped 4 different properties in the past, but it looks like there are more investors who are already ahead of me in this market.

👊You’re already ahead of the pack just by showing up and declaring your path out loud.

Well, TESLA/PG&E have partnered to purchase the old power plant.  

January tends to pick up, so if you can get ahead with marketing and photos, you’ll be in better shape.When you start screening tenants, pay close attention to any prior rental-related debts, open collections, or bankruptcies...those are some of the biggest red flags you can catch early.For leasing, get your listing on as many platforms as possible (not just Zillow), and respond fast to every inquiry.

We have not ironed out any details yet but we will put together a joint venture agreement ahead of moving forward with any deals.

The (DOT or Mortgage) is proof of that agreement.The main difference between the two, is that a Deed of Trust (DOT) has written into it that the lender can go ahead and do a foreclosure if the  terms of the agreement are violated. 

You can use a present value / future value formula to calculate that number.Also, if you are a long term buy and hold type of investor and expect to pass real estate to your heirs, they will receive a step-up in basis.

Having a solid lease, screening process, and clear boundaries helps a lot.It sounds like you’re thinking ahead with your savings buffer — that’s key.

It would be greatly appreciated if someone who has gone through something like this before could share what they used to make the decision to move to the area they’re investing in.I appreciate the help,EvanHey Evan, welcome to BP and props to you for getting ahead of the game while you’re still in school—that’s a smart move.