I'm based in the Seattle area, but my main real estate focus is in midwest market (Memphis and Detroit) To be clear, I wasn't making as much as you but I was able to put myself in position to leave my W2 . . . for now.

The big boys play this as a team sport, so think about what you need to know, who you can get it from and then go find that person.

After I learnt what I had to by making mistakes, hosting open houses, and closing a few deals - I switched to another brokerage that dealt mainly with offmarket properties and investors (both residential and commercial). 

you say youre in central coast maine, is that a specific city or a region? 

So if your big into water sports, living in the desert could have all the profit in the world but it's going to be miserable hell and odd's are after some months the profits wont matter.

Hi Edward, I have many OOS investors like yourself that are from California that have invested in properties in Indiana, mainly Indianapolis and Kokomo, plus surrounding areas.

Both of these challenges can often be minimized with the right team and guidance from an experienced investor.As @Jay Hinrichs mentioned, appreciation is the main driver of wealth in real estate.

Our lot size is 7300 sq ft and main house is 1700+ sq ft.Location: San Jose, CA- We were thinking to potentially design the ADU such that we could have a wall (or a door) that allows us to separate the ADU into a 1 bed/1bath for self use (or rental) and another part which could be rented separately on AirBnB as needed.

This investment was mainly for the new washer and dryer units in every property.

My main point is that regardless of its size percentage wise its very high which has impacted Jacksonville a ton.https://en.wikipedia.org/wiki/Metropolitan_statistical_area