Chasing foreclosures is a big concern in California and some other states.

- Can't tell you how many tenant background checks show they are buying lemon cars with 25% "we finance anyone" car loans that are designed to fail. - All they've got to learn is to save some of their income to pay their bills on time and they could then afford to buy a home.Instead, they spend every penny they make on things they don't really need and then blame everyone else.Take a look at a Class C or D tenant's bank statement to see the frivolous things they spend their money on and you'll better understand our society's biggest problem.

We live in California at the moment and I have W2 job and my wife a small online business.

One bought in California in the late 1990s to early 2000s.

This generated $2M+ in equity, and thus is highly lucrative, but takes 2-3 years.Note worthy: I am located in California, but I did this project in Canada.

I lived in CA for 20 years, and we had W2 employees in CO and NJ, where we do not own communities.Also, we take much pride in the work that we do to renovate the homes.

I sold my company to a national PMC named PURE,  they have a large footprint in California and are always looking for people at most levels. 

Quote from @Marcus Ball: After struggling with local rehab properties in California, I switched to build-to-rent developers and chose a 1031 exchange.

I provide acquisitions all around CA, WA NC & GA Primarily, but still Look to contract everywhere else.

Attorney for the Central District of California.