If you are looking for positive cash flow residential rental properties, stop wasting time and look for the greener pastures in the east, while enjoying superb weather over here.

Labor is very expensive and challenging to source right now and vendors love the CA $$$, looks greener to them:) The neighborhood your looking in is where a lot of out of state guys start so there will be no off market or diamond in the rough deals to be had.

The permitting staff in the city are some of the most miserable human beings on the planet.

@Sam HopkinsOn what planet is he paying nothing for it?

There is a great podcast that talks about this called ‘the indicator’ by planet money.

The Big, Smart Money is Bullish on Real Estate: NYC’s big buyers represent some of the wealthiest organizations and individuals on the planet.

That's not especially productive, but only takes a couple of minutes.But if you're looking to buy a stolen iPhone, there's probably no better place on the planet.

Domenick...yes...but I was just looking to liquidate...and use the money to travel the planet....Sounds to me like it's better to keep the property to the point where...let's say market doubled the value....10 years....or when value is just higher...sell..then you dont have to worry about such a big hit from the depreciation...This maybe a better way....anyone with ideas on something like this?

I am however, painfully new to the Real Estate Investment planet. 

The pressure is just beginning to rise as real estate will be more controlled than ever in any metropolitan area on planet earth.