Investing in outside markets, advice please!

[Tim Ehlers]

Hello, I just moved to the North San Diego area from Boulder, CO. In colorado I did a couple of flips and a couple of rentals so I have a little bit of experience, enough to get me into trouble!. I have a few questions I am going to get some insight on. My overall goal is to create $10K in passive income per month using rentals (SFR up to multi-family apartments). Here in the San Diego area as you can imagine there are very few cash flow opportunities. I still haven't found a way to make the 0.2% rule work out! My goal down here is to complete my real estate sales license and work with investors, flip my own houses and start a property management company. My questions are geared towards investors who have experience in investing in holds outside of their own state.

1.  What areas are you currently investing?  What types of units are you investing in with what types or returns?

2.  How did you find your team in the area?

3. How are you finding your properties?

4.  When you are ready to shift to another market how do you research the new ones?  What do you look for to determine whether a specific market is good for you?

5.  Any other advice that you think I should consider?

My goal over the next few months is to meet AS MANY people as possible and deliver my business plan in hopes to cultivate potential business partners.  these can include team members, partners or lenders.

Thanks in advance for any information, it is greatly appreciated.