The other day I started the thread Why do people Buy Property in California? 

Possible (but I doubt easy) if seller takes a 2nd / subordinate position to the bank or is secured by other property you own.

Cash on cash describes how much cash a rental property is putting in your pocket on an annual basis divided by the cash you took out of your pocket to buy it. 

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

I have been doing this since the mid 80s  over 3500.00 transactions and If I can do it you can do it :)

Reliability of Regrid Zoning InformationIs the zoning data provided by Regrid accurate and up-to-date for development planning?

Let's say it's a family of 4, do you make them all pay for the aprox $40-$50 screening package?

It would take around 5 years to pay off the HELOC by using some of the monthly rental income from two investment properties.

The only reason he did it was because it led to additional work.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.