Anyone replace W2 through turnkey investment

[Rung T.]

I am looking for cash flow buy and hold real estate investment. It's very difficult to find cash flow positive in SF bay area and looking for Out-of-state turnkey or vacation rental investment.

I know that it's doable with MFH and apartment but I cannot find any out-of-state turnkey with MFH and apartment. Just wonder if it's possible to replace W2 income completely with out-of-state turnkey (SFH) as I don't know any reputable out-of-state MFH/apartment turnkey company.

[Account Closed]

Rung,

I haven't heard of any investors who was able to do that that from our local meet-ups and REIAs. However, I've known and met a few who did it through investing in the Bay Area. Individuals, who did it, seem to have their own niche and unfair advantage. 

Investing is a journey, not a destination. Successful people make decisions based on where they want to be while unsuccessful people make decisions based on their current situation. The catch about investing in the Bay Area is that the numbers may not look rosy today unless you have an unfair advantage. What is breaking even today will likely cash flow like mad in 10-20 years thanks to the innovation, growth and rent increases. If history is any indication of course. 

As Warren Buffett said "Be greedy long-term, not short-term." If you can somehow establish your unfair advantage, the cash flow is there for the taking right here at home. It will not be handed to you unfortunately. Too many established players and too much money are sloshing around in our market constantly looking for a home. 

Best of luck.