Northern California Investor with Some Questions

[Daniel Erdman]

Hello BP,

My wife and I are looking to secure our financial freedom through Buy and Hold investing. We have been researching real estate investing for a couple of years now and recently joined the BP forum after the recommendation from a friend of ours. 

We have been devouring the guides, pod casts and perusing the forums as much as possible. After soaking in all this great information, we have some questions:

Currently, we are looking for multifamily units in the Central Valley (Sacramento, Stockton, Modesto, etc) and there appear to be some rentals that cash flow nicely. Does anyone have any experience with this strategy in these areas? 

There seems to be quite a bit of podcasts and forum posts about folks buying multiple (even tens) of rental units a year. I have noticed that most of these folks are buying in the Midwest. Is this realistic for investors in California?  How are these folks managing to purchase all these rentals?

Thanks all!