Buy and Hold - Southern California

[Denis Plambeck]

Hi all,

I am new to real estate as an investment. I have been a homeowner for many years and relied on the stock market for future passive income. However, I would like to develop another income stream from real estate. My goal for the passive income stream is $4k/month from this asset class.

My dilemma: Southern California appears to be out of reach for me. I am mostly interested in Los Angeles and Orange County. I am more familiar with areas that I have traveled for work (Dallas/Ft. Worth and Orlando) than the Inland Empire. Is Southern California a show stopper? Should I consider out of state for my investment(s)?

Your inputs are appreciated.

Thanks,

Denis