Think about it like this....If you find a spectacular deal on a home and you wholesale it to an end user you have one deal.

They've performed well, but nothing spectacular. 

Play it safe for the first deal (more important than a spectacular ROI, you don't have to make all your profits on the first one) and you are off to a great start.

But oh goodness, what a spectacular opportunity for a construction company moving towards flips and buy/holds in a town that is suited more for rentals than flips, or so we are hoping!

Life is too short to sacrifice living somewhere I love for a dollar.Ergo why California real estate pert near anything within 30 miles of the coast line.. is so sought after and expensive. 

Thanks for some spectacular information ... and entertainment.

@Ned Jackson  you would be shocked at how quickly tenants can trash units.also lets look at this logically.your a local PM you own the company you have 500 units you manage.. that will entail a secretary ( usually out source placement for a fee to the real estate community maybe a combination) you have a full time maintenance guy maybe two.. but at most you have 4 employees.now vacancies being 5% generally in any market your dealing with 25 turn overs a month.. but lets say your market is spectacular and you only deal with 10 or 15 a month.. those are going to be time intensive they require full inspection.. section 8 which takes time to coordinate if your doing those. get bids talk to owners etc etc..

The building inventory is pretty spectacular in those areas, so there are always amazing buildings you can buy and renovate. 

The appreciation has been nothing short of spectacular over the past few decades.

  $2800 for the comp with no view.And, another comp that's same model but with much better, full on ocean views for $3300:So, there seems like there's a premium when there's a spectacular ocean view.