So the solution to the time-crisis is to set up sources of residual income.

@Stephen Anderson SInce I am out of state I would need reliable property managers and need to know the economics of the same so that I can plug into my financial analysis.

Choose cities in safe and economically diversified areas with above-average income and population growth.

Any ideas Choose cities in safe and economically diversified areas with above-average income and population growth.

Just make sure you are as efficient and economical as possible.

The Barrio Hollywood Neighborhood was one of these neighborhoods that was hit hard during the housing crisis, but has recently seen home prices soaring.I recently made a large investment in the area, and am excited to see attention it is garnering from the local community.

I'm a recent college graduate with a degree in math and economics. 

Given the vague post, it's really hard to say.While I do work Riverside County and currently belong to the Estate Planning Counsel, I don't go out of my way to do business in the Palm Springs area because of the high price volatility during low economic times.

Many areas of DC offer amazing appreciation but are in gentrifying areas which can carry economic sensitivity risks.

Yes the San Diego market can be a tough one to get started in, if you decide to invest out of state choose cities in safe and economically diversified areas with above-average income and population growth.