Hello My name is Sarina and I am a newbie investor in palm springs ca. I have opened an LLC and filed as s corp to be taxed as such. I have a silent business partner and I have joined an investment group out here. I noticed there doesnt seem to be as many investors on this board for ca as there are for other out of state areas. I have read Millionaire Real Estate Investor and I am ready to purchase a home but am having the following issues. I have been on MLS and working w realtor and by the time I get to see the property and do the full worksheet on repairs fees on upkeep and title escrow etc. there is not enough room to make a profit on rehabbing. Is anyone else out here running into the same problem? It is a total bidding war and each person outbids the other because Im guessing they are buying to hold. I at this time am only looking to rehab. Today I called a title lady and she is sending me farming info on a certain area. In that area I am going to locate out of town owners and make offers. Just wanted to introduce myself and see if anyone else is having the same issues.