In my market, the majority of homes I will be looking to purchase and flip will be mid sized homes, under $250,000.  

I had always been an entrepreneur and as soon as I read Rich Dad Poor Dad I vowed to learn every aspect of real estate I could.Since then I've taken major action not all to my prevail but I have been making headway in RE investing.

nothing major.

@Carlos RoviraIf you have received a 1099 from a property management company, then the state Department of Revenue will be expecting you to file a state tax return.

However, with my units that rent for $1300, the $300 hit wouldn't be a major concern.

You may find someone to move.in shortly after it is vacant which saves the owner's income stream and the departing Tenants deposit.

The vast majority have not or did not intend to ever own a investment property.

He currently owns a primary residence so he knows the ins and outs of owning property.I currently own 3 properties in a major metro area in NE and looking to diversify to a more affordable area.  

I have no experience in selling estates and the selling part prevents me from pulling the long awaited trigger.A good friend of mine has had some rentals in AZ, but he wants to partner up the cash part with fixed return assuming 6 month transaction and a monthly fee every month.Being an all in-house contractor, I think I could bring value add and create sweat equity in a major rehab, at least 10% of the ARV, the uglier the property, the better I can create.

Hi BiggerPockets community,can someone please point out any major obstacles in re law while buying vacant land in the state of California