In property management, you're responsible for overseeing properties that may either represent investment assets or hold significant emotional value to their owners, such as a childhood home.

That being said, I'm not a fan of holding property in anything sub B quality. 

We have long terms holds in Shasta and Tehama county.

That can hurt your cash flow and could equate to the same as a traditional long term hold without the headache and management.I'm not saying don't do it, I'm saying you have to look at all options. 

Perhaps I'll try to acquire around 3 properties in cash deals that need fixing up, rent them out, and then hold onto them... forever?

Hi Julia,Do you think the concepts from the BiggerPockets book The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing is outdated? 

However I am still on hold with them other than that they do say the fee they will charge which is 5.90 for me.

I have always dreamed of owning and operating multifamily rental properties ever since I was a little kid.My mom has been in realestate ever since I could remember, everything from being a realtor, fix and flips, buy and holds, and long term rentals.

Many people don't realize that you gain as much or more net worth through debt pay-down, and while it's less liquid than cash flow, over a 5-10 yr hold period it's considerable if you buy in the right areas with the right asset class.