It explains the team that you should develop to have a strong foundation under you while investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-team

Use this to your advantage by identifying potential investment properties, such as undervalued homes or areas with strong rental demand.Start with a Clear Strategy: Whether you're interested in flipping properties, buy-and-hold, or rental properties, having a clear strategy will help guide your decisions and keep you focused.

Focus on making yourself a strong candidate for banks to lend to. 

The real problem is that the vast number of beginning investors never bother to learn their state landlord tenant codes before they invest.This is my pet peeve with new investors...trying to operate a business requiring knowing the law without having the desire to learn.They should never be allowed near tenants, they need a PM.On the other hand responsible investors that learn the laws first I would strongly advise self managing.

Without knowing too much about the specific market (although it does appear Monterey and Santa Cruz are holding pretty strong) it may be worthwhile to consider selling if values are holding. 

There is strong evidence of slowed consumer spending.

Make sure you have a strong idea of what assessments are coming up and that future assessments can be quite hefty and unexpected.

I also seeing people selling boarding houses in Cleveland from time to time where they're renting out for $2500-$3000 so I think it's definitely a viable model, but like people are saying, you really need a strong property manager to make it all work.Feel free to reach out to me if you want to talk more about management services for something like this. 

Evan - I am at the same point in my career/journey, and moving to the DFW area in September.Would love to go to a few meetups with you and work collaboratively on building a strong network, learning the market, and preparing to investment in a first property. 

I believe in keeping very strong communication with my tenants.