SB 9 sounds like a real game-changer for California investors.

Beyond real estate, I have a background in media production, including event setup, documentary filmmaking, and television production during my time at PBS CET.

I can tell they are both on top of their game.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

If you are going to offer cash for keys, put it in writing with specific expectations, and include a penalty if she fails.

That does not include any expenses, vacancy, etc.similar rent minus PITI does not equal cash flow.  

Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc.

So I require skin in the game (average is 5% to 15%) to offset this.

After reading so many intros of young, single, eager individuals, I'm hoping I'm not too late to the game! 

What's the one investment strategy you wish you'd known when you first started in real estate, and how has it shaped your journey?