A worthwhile property management professional is an invaluable partner to a sponsorship team.Are you familiar with just residential, or residential and commercial?

Speak with Andrew Weiner at Realty Now Property Management. 

This scarcity has driven residential land prices in desirable areas to $1M per acre or more.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Central City. 10 acres residential Wooded What made you interested in investing in this type of deal?

.” — Skylar Olsen, Zillow Economist‍Brought to you by: Kristen Haynes, New Home Buyers Brokers / Realty Pros

California is not a great place to have residential real estate for the reasons you mentioned.2a)  Don't get freaked out about all the other things that *might* go wrong. 

I have experience as a commercial and residential real estate agent. and I'm working on acquiring a 28 unit mixed use building through owner financing, we just need some additional capital for the down payment. here's my advice for you and starting a portfolio.

Always up for a chat... whether it's over coffee or a quick call.Take care, Pat & JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

And I have a 7 figure portfolio invested in both direct real estate (via residential rentals) and syndication/crowdfunding passive investments (because I feel both have their strengths and weaknesses and I want both in my portfolio).To backup a second: You can find virtually every type of real-estate investment strategy ( core, core plus, value-added , opportunistic) and asset type ( multifamily , self storage, office, mobile home parks etc.) via syndication/crowdfunding.

I would also charge a lot more than I would for a residential rental.Honestly, I wouldn't recommend it unless you've really studied it and understand how to protect yourself and earn fair compensation.