It’s like my client in Omaha (where I’m based) :-) he bought a triplex where rents were under-market by $200 per unit.

There is a severe shortage of home to rent in north OC, when one of our client's homes come up for rent, it is a feeding frenzy.

who are their other clients?

Our client gets OPM and they make money  but they have to run the asset.

Some of my clients love the cash flow in the east side neighborhoods over by Slavic Village and Broadway selling between 90-110k with rents up to $1,800+, but just really depends on the types of neighborhoods you're investing in and your risk / reward threshold. 

My friend said his client nearly bailed when she found unexpected wiring issues behind the kitchen walls..apparantly the seller hadn’t touched that electrical since the Reagan era..but with a patient electrician who understood the local code and a carpenter who improvised a shelving trick in the diningrom, they ended up selling above asking.Flipping and building can get tricky, especially once you start thinking bigger.

What I wrote above does not create an attorney/client relationship between us.

The reason for this is that without a license you have no fiduciary responsibility to your clients.

I'm also a REALTOR who focuses on PadSplit primarily with many clients building portfolios of these high cash-flowing properties.

Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.