I have a close friend who owns two SNF style facilities here in LA. I

And that rent in LA is much higher than SB? 

But did you know that the murder rate in NYC and LA is higher than in Cancun?

LA is about same as NYC to me so far, since they are both dense metro areas with mostly inner-city type properties with already inflated prices that someone or the other quickly grabs up. hardly anything sits on either market, as opposed to outer counties in either area where market and rent isnt so prime.

As Greater LA is priced out, I've been exploring lower cost areas like Bakersfield and Victorville.  

My operational base is silver lake so DT laI can only meet weekends at any time. 

I buy all rental properties (cash-flowing) and I rent my apartment in LA. I

Now, one additional fact not mentioned - but that could be easily corroborated - is that ANY well priced property in LA today (assuming LA is similar to SF Bay where I live) would sell for list price or up to 20%-25% above list price in an all cash with no contingencies transaction to close in 15 days or less. 

@Jordyn Lai,That is great information! 

Quote from @Gilian Villatoro: I would normally advise against buying more property in California, but you are a PM and probably already understand the potential problems.The appreciation in a market like LA is hard to resist, but I still think there are better/easier opportunities in states that treat Landlords fairly.