Any other books you would recommend to someone completely new to real estate investing but who would like to build a solid foundation going forward?

Besides, it's always a good idea to build a good relationship with the Planning and Building departments. 

As those prices fluctuate, there is a builders somewhere putting his feet up waiting to see a market turn more active because the last thing he wants to do is start paying crews to build houses, that could drop in value while he's halfway through the build process and losing equity halfway into the project.

See, when building a portfolio, appreciation is key, and the #1 factor that will dictate things.

Once that’s confirmed, they’ll help you submit the required permits to the Department of Buildings (DOB) and get approval from the Department of Transportation (DOT), since it affects the sidewalk and street.After permits are approved, you’ll need a licensed contractor to do the construction.

- We've got an owner we're about ready to terminate because we email them information that they refuses to read and always wants us to call them and spend hours talking about it.

If you do land one in the off season, build in 2x as much vacancy as you think or about 20% less rent than market for the first year.

THE VISION: With 130 units and 8 buildings plus a wedding and event venue, our vision includes revamping this space into a dream hotel.

The key is building systems and finding solid property management to handle things while you move around.

Marin is a phenomenal place to build equity, and eventually use that equity to create cash flow.