Keep in mind, you'll be selling right after a peak (eat. 2016) and also buying into a market that's in the same phase of the market cycle.  

Step 1 has to be to get rid of what they eat - keep the sink clear, clean up the residues, take out the trash when it needs it - and even when it doesn't!

I had two choices, find a deal fast, or pay the money back and eat the $1100 origination fee.

We paid off $107,000 in consumer debt by eating "rice and beans," using his http://www.everydollar.com free budgeting software and getting really pissed off at our lifestyle.

I am not familiar with California usury laws, but 15% is common in Ohio and could really eat away at your profits.

Condos are good but the HOA eat up a lot of the cost.

You will learn a whole lot in terms of managing money and build wealth. " The One Thing" and " Eat That Frog" are also pretty good. 

The fact that after rehab, you're targeting $20k of "rehab profit" is skinny....there are closing costs, financing costs, etc that eat into that margin. 100% financing is attractive.

I'd recommend checking the book "Never Eat Alone" by Keith Ferrazzi.

Food place, this way they can shop then eat. craft store like Michaels or even Harmons or some drug store. i Have seen all these combinations next to dollar store and they seem to do well, they have been in the same strip mall for years. i know of one strip mall that has a Harmons, Michaels and a burger joint with a Dollar General and 5 below in it, all have been there for years. but have seen a lot of strip malls like that.