Screen tenants thoroughly, have a solid lease, and maintain an emergency fund for unexpected expenses.

.: Josh Altman is seeing a huge spike in interest among displaced Pacific Palisades Ca residents in seven specific areas following the devastating fire last month.He gets multiple phone calls daily from families who are looking to move to 1.

Dentistry.Buy your own building, rent out to other professionals and use the money to buy single family homes for rentals.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

My other advice is to make sure this is the best decision when balancing your family and finances.

You have your first multi-family property. 

Quote from @Jared Goldwasser: I live in Los Angeles and am looking to purchase my first investment property this year -- interested in single family or duplex units.

Investment Info:Small multi-family (2-4 units) fix & flip investment in Pope Valley.

The ones that had high rent growth, lax zoning laws, and general buzz about multi family gold mines.