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

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

This is located in Pennsylvania.Thanks in advance for your help, and have a Blessed Christmas!

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. 

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. 

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 would highly recommend you work with someone that is either located in the same state as you, or explicitly says they have experience with your state.

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

@Adam OrtizRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I do manage these myself through a small STR management company that I own that manages about a dozen locations.