Long story short, my Realtor really understood my long term objectives & had the property we bought on our "go see" list.

@Zachary Robertson, the main reason I have read for getting your License relates to MARKETING of property that you haven't taken full ownership of - a big no no in Ohio.If you buy, THEN rehab, THEN sell, no License is required.

It's jobs and population increase driven, companies continue to move to a state w/relatively low cost of living, quality lifestyles and this continues unabated w/local economic and industry diversity increasing.  

Since you make your money on the buy , its relative .  

Is this relative to equity and the value of the property at the time of cash out refinancing? 

Regardless of the primary residence issue, I'm pretty sure you can't 1031 with the owner of the replacement property being a part of the LLC for the other property.....related parties.

There may be some opportunity in the older sections, but it seems like those are moving relatively quickly as well.  

Also, sign up for upcoming webinars.There are several real estate related meetups in the area.

If it’s relevant, I picked this thing up with cash that I borrowed off of a credit card (it was only supposed to be a month long loan, and I had 0% interest for a year, so I thought I was relatively safe).

That's how I got started (1978).The legal information that you to study is primarily found in CA Civil Code Section 1695 as it relates to Equity Purchase Agreements.Also, study CC 2924(a) et seq. as these are the laws pertaining to non-judicial Foreclosures.I believe you can still download a copy of the Equity Purchase Agreement which includes the statutory 14 point type font language at Ward Hanigan's Foreclosure Forum website.I still think the most successful people who are looking for super-bargains (meaning properties with lots of existing or created equity will do their best work by a combination of mailing, calling and knocking as owners are getting pounded by direct mail pieces.