Here are two posts that cover the local market:https://www.biggerpockets.com/forums/621/topics/398662-heres-what-fixer-uppers-on-the-mls-are-selling-forhttps://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushIn sum, buy and hold is looking good (particularly 2-4 unit multifamily)  and flipping is ultra-competitive and you're really going to work to find a deal.Check those posts out and then let us know your thoughts and we'll be able to help guide you further in the right direction :-)

You can read more about it in my post here:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushSacramento is simply WAY more desirable a place to live than Stockton or Modesto.

However, as much of the computer market has migrated to mobile devices, and the rest has migrated to India, I've found myself laid off, and looking forward to a change of career (I start college again in a couple months).

If the main employer goes out and limited jobs are available then it creates a net migration away from that town to other areas where more jobs are available.

Especially since people from the Bay Area seem to be migrating this direction, with higher incomes and far more cash than I can compete with using traditional lending. 

But I’ve been keeping an eye on Carson City lately as some of the Reno/Sparks RE hysteria seems to have migrated over to there.

OwnerRez provided those so we migrated over.

it really boils down to tenant demographic and Base income levels.for good bad or indifferent we all tend to migrate to what we can afford and usually to the top limits of what we can afford for housing..

My name is Stijn, I have just migrated to the US (initially to Vegas but moved to Reno now).

PDX is very unique in its land use laws etc.. thereby allowing for a very vigorous building industry.. we normally built 12k new housing units a year.. in o9 we built 700 there is a huge pent up demand for new construction in all asset class's..Orygun even though its a funky place is the NUMBER one in migration state in the entire US.. seems pretty weird but it is... combination of CA folks fleeing... white collar brain drain.