But, you need to understand the intensity, time commitment, capital needed, and skill set required.  

But I know that the leaders are working on plans to fix it and they are very skilled and effective.

I moved from CA to OR where I intend to hone my skills and grow my real estate investment business.Have a blessed day and prosperous year! 

I leveraged some rehab skills most of which I learned as I went.

This gives me access to a large network of skilled contractors, including plumbers, HVAC specialists, electricians, and general contractors.I’ve identified a promising opportunity with an auction property, but I’m unsure how to accurately estimate rehab costs with only a small window to do so.

Are you saying you have superior skills to make this scheme work?

The great thing about living in a high cost of living area is that your salary / wages are hopefully also very high.If you are a new college grad, I would focus the next 1-3 years on increasing your salary as much as possible(gain new skills, new certifications, change employers, etc).Once you make more money, you can easily get in a position to buy a property on a more frequent basis.Best of luck!

I’ve been self-managing a single-family rental (SFR) for a while now, and I’m interested in taking my property management skills to the next level.

@Trenton MillerHey Trenton,Land valuation is the most important skill you will need to develop, and honestly, the only way to be better at it and not just take someone else's word for it is to truly understand zoning.

@Kenneth JohnsonTo invest in real estate, build a strong financial foundation, educate yourself, network, start small with house hacking, FHA loans, and savings, consider creative financing options, build sales and negotiation skills, and have realistic expectations.