This is also the best thing, because many out of state investors find it confusing and stay away, which keeps our returns much higher and wards off Wall Street investors from buying up swaths of houses, which we've seen in other markets.As an STR specialist, keeping up with zoning and regulation statewide is a huge part of my job.I also host monthly short term rental events for local investors, monthly webinars, and I also often get furnished, turnkey off-market STR properties.

I belong to a few local Facebook vacation rental groups.  

Carter,Network locally with real estate investment groups and Facebook groups. 

Hello AllI am a business management executive for a large global company, and we (my wife and I) are getting into local real estate investing primarily within LA county, IE, OC and Riverside area.

I found this deal off market while making relationships with local real estate agents.How did you finance this deal?

Also, connecting with local realtors or property managers could help you get a feel for market rents and tenant management.

I am still very active in my local market as a host of the WWL Home Improvement each weekend.

A suggestion I would give you is to find a couple "for rent" signs in your local market, get the address and start "running your numbers" on the rental property calculator that BP has for us on here.

However, it seems my local area (San Jose / Bay Area) might not be the best as I know most of the win is in the buy.

You can meet and network with local house-flippers, wholesalers, real estate investors, real estate portfolio owners, etc.