There are opportunities for both residential and commercial properties, and the state's economy has been relatively stable, making it an attractive option for investors.Thank you for your service in the Navy, and I wish you all the best in your real estate investing journey!

I've heard the LA market can be very tough from a rules and regs perspective, some great resources here for "long distance real estate investing" that may be helpful if you are looking to get started in a lower cost more stable market for long-term holds

Rochester has continued to be a stable market. 

Therefore, my cost/profit stays relatively stable even if the 50k estimate becomes 45k or 60k. 

You should look to have a base of cash flow before you are financially stable enough to be in low/negative cash flow markets like California.

Assuming the property value has remained stable or appreciated, when you refinance, the lender will assess the current loan-to-value ratio (LTV) based on a new appraisal.

Be prepared to show stable employment and income history.Developing an Investment Plan:Market Research: Understand the local real estate market, including rental demand, average rents, and property values.

Then post completion of the rehab you can sell or refinance into stable 30yr fixed debt.

Stable LTR property

., Cleveland, Columbus, Indianapolis, Kansas City and open to exploring new areas where the entry point is affordable but the cash flow is stable).- Seeking properties that can generate $2K+ a month in combined rent after factoring in property management, insurance, and property tax expenses.Seeking Advice:- Would purchasing two houses in the Midwest to achieve $2K+ cash flow per month be a sound strategy, or do you recommend alternative approaches?