I know people that do great with $150k homes but also $650k homes each with different strategies but I do believe in the Golden Rule, location x 3. 

Hi @Andre GalavizLuckily you came to the right location for that kind of question! 

Hi Shayan--Here is the thing...when flipping for me, the class of neighborhood, location of property in that neighborhood, and amount of renovations really matters. 

Los Angeles's own numbers show that ADUs are not being built in high rent locations.

Choosing a location near LA, accessible by a short flight or drive, will make it easier to check on your projects.

Need letter from employer that either says they allow remote work or the hire is for Texas location. 

In the long term I expect Miami to outperform CPI because it is a destination location and coastal land is more constrained than inland (such as Midwest, central, etc).  

I am not sure there would be enough margin in this to support your goal.We know people are not lining up to accept section 8 so you could build housing targeting that group in some locations. 

The house was in a terrible location, at night there was gun shots.

Where is your portfolio located?