I have read numerous times that you shouldn't invest in California real estate (you can buy 4 properties in the midwest for the price of 1 in CA) and that you should never invest in a city that has no industry or a declining population.I live in the mountains of Northern California, very "middle of nowhere".

Going full-time with numerous clients is a different beast when it comes to marketing, etc, but it doesn't sound like you necessarily want to scale that side of things.When you add in the fact that I was able to save 2.7% on the acquisition price and 3% of the re-sale price on every rehab project we completed (30+ properties/60+ transactions over 4 years), I came out way ahead.

Gain is allocated to nonqualified use by multiplying it by a fraction, with the aggregate periods of nonqualified use as the numerator and the total period the taxpayer owned the property as the denominator.

It also has numerous benefits like low CapEx and Repairs.

There are numerous Meetups in your area that you could attend that would help. 

Pretty soon you learn that success is not a THING that happens but a DAILY way of life and construct of doing steps and actions.90% of the population say they want success and wealth but when smoke and mirrors fades away and people see the real work behind it most go back to eating Doritos, watching movies, etc.I have had other real estate brokers tell me what I do is too hard.

White towels; I put 2 per room and have another 2 per room in closet for fast change over if needed.7.Fast internet connection with a very good router for better video from camera and guest ability to stream movies.

So if a municipality tries to condemn or declare your property as a nuisance, there are numerous steps they must take before they do so.

Reminds me of the movie scene from the “Big Short”.

@Kevin Means Just run your numbers in the BP Calculators numerous times and have someone else review.