Impossible to invest for cashflow in California? Maybe not...

[Bruno Tavares]

Hey there!

I've read quite a few things here and there and it seems that there's a consensus that California is terrible for cash flow investing. But I got caught in some interesting stuff.

Sure, Bay Area, LA, Sacramento have scary prices like 3 bedroom houses for $1M and rent at 3,000.00 (far from the basic 1%), but I looked over cities like Fresno - the fifth largest in California, with 500k+ habitants and a lot of good looking demographic and economics numbers - and I've found several properties in the 100 ~ 200k range with some close to %1 rental numbers.

• http://www.trulia.com/real_estate/Fresno-Californi...
• http://www.zillow.com/fresno-ca/
• http://www.city-data.com/city/Fresno-California.ht...

Fresno is just one city and California is a big state. It seems that there are indeed some hidden gems in areas different than Bay Area, LA & Sacramento. 

What you guys think? I'm counting in the awesome bigger pockets community to find some local and out-of-state opinions! Does it make sense or am I ignoring something crucial and getting it completely wrong?