I have a few friends that do MTRs in the Denver area and they are doing well. 

I think one of the biggest analysis paralysis thoughts is on landlord- or tenant-friendly areas.

So before dismissing your options, you may want to consult an investor friendly Lender who is an out of the box thinker.

BC and ON are very tenant friendly.

Quote from @Michael Poloncic: Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent.

The Rentastic (and other RE focused systems) do seem way more simple, and user friendly than QBO.

Low barrier to entry, low taxes, landlord friendly, some amazing class A and B suburbs and a strong urban core. 

@Rich Davis "The difference is I'm in Maine, where the evictions laws lean landlord friendly.

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

100% for 6 months is a lot of money.c) I and friends have quite a few Real Estate contacts in California.