Selling now prioritizes liquidity and growth opportunities, while holding benefits from long-term appreciation and rental income.This post does not create a CPA-Client relationship.

I'd highly recommend house hacking in your local market since you're in one of the highest cost of living areas in the US, especially if you're renting currently and planning on staying in the area for 5-10 years.It sounds sexy to go out and invest out of state for your first property.

I have to check on codes/laws/regulation, but I know CA is on a high of making thinks convenient to build those at the moment.

I definitely think in my area, many of the good opportunities I could qualify for with my income would have pretty high rehab needs before they're rentable, so it's good to hear where you would start out instead.

Cleveland is great for that high cash-flow.

A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

Purchase price: $55,000 Cash invested: $440,000 Currently under construction and pre-leased for $6,195/month, this 7-bedroom, 5-bathroom student rental in Clemson, SC, was built using investor cash and designed for high-end student living.

I can only speak for Dayton - there's a lot of opportunities here with a market that has  high rents relative to the prices. 

https://www.biggerpockets.com/forums/12/topics/1122318-quality-turnkey-companies?

Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.