My niche was looking for areas that were run down but getting ready to gentrify (or so I thought, sometimes it's just a guess or gut feeling :-)Drive around the areas you have selected as possible money-makers and then drive, drive, drive.

Buy right and have written screening criteria.  75% of landlording effectively is tenant selection.

Your IT background will give you a unique edge in analyzing deals and managing properties efficiently.Final ThoughtYou’ve got the passion and the drive, Anne Marie.

You will get a lot of applications but be very throughout when selecting the right one.

I am happy to share more details with anyone interested in rewiring older homes as we have done a number and while each had some unique challenges, they were quite easy to do. 

So depending what future holds for California, and whether you target appreciation or cash flow, select your locations.

I keep wondering about insurance, vacancy rates, if tenant selection is a bigger/ different factor, terms of the tenancy and differences in opex and capex? 

There is a drop down with lots of options and if you select "no central heat/air" you can't get insurance from most companies.

Hello!
A lot of these blogs I am reading are from out of state with very low cost of living so I think If someone from this area could answer this, it would be very helpful for me.
So my husband and I are currently ...

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!