In CA currently only MF properties are rent controlled.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.You need to get a firm grasp on two things: the ways to make money with real estate, and how to find deals that match your goals.P.S.

I can definitely see why you're cautious, especially with the real estate landscape in California and concerns about the economy.When it comes to Memphis, I think it’s a great option for your out-of-state investment.

I’m in the learning phase of my real estate investing journey. 

I am in Orange County, California, and a 4-unit in Newport Beach with one unit being a 3/2 for example LTR would not bring in 7K gross income on that unit.

Probably not enough the IRA to own real estate given reserves needed and such.

.: Hi Everyone,I am looking to develop passive real estate investment opportunities, but I am not sure if I completely understand what investors look for when investing in certain passive real estate investments, or real estate in general. 

https://www.parealtors.org/blog/pennsylvania-population-chan...Pennsylvania is the fifth largest state after California, New York, Texas and Florida. 

Be aware of state transfer taxes and property tax reassessments, as some states (like California) may impose higher taxes upon transfer.

Some Investors also underestimate the timeframes of the rehab, especially here in CA.