Hell BiggerPockets!  New member here and this place has been a treasure trove of information.  I am hoping you can help my wife and I.My wife and I are both new members to BiggerPockets.  We've been researching invest...

I am in Orange County!

One is sitting there in Orange County, but after 11 years it is close to even in cash flow and back a bit more than the start for appreciation but at least has helped in taxes and principal pay down.  

In the last few years I've averaged 3 offers a year, bought them all with cash and closed as promised.All were carefully chosen for the rehab to rent strategy that I'm doing.I absolutely refuse  to waste my, or anyone else valuable time chasing all over creation looking for a short term gain.I'm old, slow and methodical in my pursuit and fully expect to enjoy the fruits of this attitude for a long time.

  :)and I know I am in the vast minority on this.. but that's kind of how us folks who were raised in the SF bay area thinkI'm originally from Orange County, CA, so I can absolutely understand where you are coming from!

Apples and oranges.

I flip in Orange County and could answer your questions if you let me know what they are.Try reaching out to Mel.

I live in an expensive market between LA & Orange County. 

But the current tenants pay $800 a month (this is in Orange County, CA) and if I build a new 5 plex, the units will rent for about $1,400 a month.

Don't think about your first investment ($50,000 VS $5,000) - think about the infrastructure you're setting in place for all future investments ($5,000,000 VS $5,000) you may make in this country if your research proves to be fruitful.