CA, in total continues to lose 100k's of population and continues to add onerous legislation, including the state rent cap they passed a few years ago (doesn't apply to sfr's though).I am not sure why anyone would want to jump in the deep shark infested waters right before feeding time, unless you have a clear proven strategy, or a very long time horizon.

That day of reckoning is on the horizon.

But yes turn key properties along that line for starters and yes in my area is my market horizon for now.  

You have to look at returns on a longer time horizon.

Look at the results in multiple ways and over different time horizons.

If a 10 year investment horizon is an issue than this is definitely not for you.  

More opportunities for good deals on the horizon and hopefully interest rates will continue to go down. 

If your time horizon is 5-7 years, go for it...you have a chance.

This is a cultural heritage endeavor that integrates the principles of time, value creation, and sustainable growth.Much like pension funds hedge risks by leveraging long-term investment horizons, this model uses time as a financial and strategic asset.

Depending on your investment horizon that may matter or it may not.