Cost of room and board for on campus living.  

The key was watching Steve do what he did, uninterrupted.Good skill in your desire to take your game to the next level.  

There is no room for error here as you can get wiped out with a single bid if you are not careful.I do not mean to scare anyone out there I just think that for new investors there are much safer ways to get in the game. 

Nigel Johnson PM me for a contract and a quick discussion on your game plan.

If the deal is too thin to support a hard money loan and/or there is not enough borrower skin in the game to recoup your capital if things go awry, then you can lose money just like any other investment where capital is put at risk to earn a return. 

Feel free to Pm if I can help answer any questions.Guess a game plan I would follow would beGoals Education Getting you Financial picture in order to jump in.Sincerely Alex

My current thought is to buy and rehab homes with an ARV in the sub-$100k range, since it seems possible to hit 1.5 to 2.0% rental rates.I have a great contractor on board, but there are still a lot of holes in my plan.

They know the board of equalization ( or whatever the name is in your county).

I would love to build connections with current investors in San Diego to learn first hand more about this game we are choosing to play to provide housing for people and make some money ourselves! 

Personally, I wouldn't invest w/ a first-time lead who has no "skin in the game", and prefer that even seasoned deal sponsors have aligned interests via their equity investment.