Strategy/portfolio: Active vs passive (local and non local)

[Kat N.]

Investor gurus, I would like to learn from your experience. I am starting out my real estate investment for about half a year. I have been with 2 active deals (flip and sell). 1. Per your personal experience, at what point do you start passive investment (e.g rental property)? I do see active give me fast money, but is requires lots of work. Do you keep both active and passive investment eventually? 2. I live in Bay Area so rental property cap rate is pathetic, it is about 5-6%. - Anyone in Bay Area actually invest in rental property? How do you make the numbers/the deals work? Any tips? - Anyone experience in investing out of your market? I am looking for advice to invest rental property outside of my market, such as pitfalls/great experience working with turnkey companies, local agents, local property management etc ... Thank you very much, Kathy L.