The tech scene is pretty early here but if it continues I think it'll drive a lot of growth in the city.

I am new to the real estate investing scene and figure this is the best way to go for cash generation.

I am also located in L.A. and part of the tech scene here.

If you don't want to manage it yourself, companies like PadSplit are now coming onto the scene. 

WE all see here on BP those complain about their PM.. well if they own the PM they can greatly mitigate the outcome for their clients behind the scenes and therefore get referrals and repeat business. .I have no doubt if they did not do this they would not have scaled up as some have.The reality as well is that 2% rule or high cash flow areas of the mid west are generally in areas that do not support home ownership.. these neighborhoods were 30 years ago but many are now 50% or more rental stock..

@Eric ArmstrongI would like to eventually get into the landlord scene, but right now, I'm trying to build up to that.

It seems to me like if there is a way to structure the deal 50/50 then it makes a lot of things easier, but also takes away your majority ownership.As for the amount of cash for the amount of equity, I am thinking of the scenes on the tv show Shark Tank where the "Sharks" ask the entrepreneur how much they want and all do the quick math to determine what the entrepreneur has valued their business at.

If that area is a "crime scene" I would stay away.  

That being said, the city is very attractive to young professionals that commute to the city, want a good bar scene, make a lot of money, and don't know what good construction looks like. 

Also from thunder bay, I'm relatively new to the REI scene but very interested.