California prices are really unaffordable at the same time the state has consistently had outmigration of native residents for something like a decade and even negative population growth recently whereas Texas has grown substantially. 

I only buy in vacation markets that depend on tourism to keep their area going.

I appreciate your caution but I am going to continue what is working for me, if It stops working I only lose a bit of money the rest of my money is in the SMP and it wont be taken out to fund more trading endeveurs.

I like new construction but all this negative feedback about Delta is a turnoff.

@Joshua Lanzieri when renovating older properties there are almost always negative surprises.Go watch any HGTV renovation show and most of them will have this as a cliff-hanger, forcing the choice of either going over budget or cutting back elsewhere.10% overruns happen often, but 50% is NOT acceptable!

Not to raise any fear or negativity but in real estate it’s best to plan for the worst and hope for the best!

I second '@Bob Okenwas statement regarding market.Personally, I only buy old homes (circa 1900) and would not consider a newer build unless it was being practically given away.

I only ask because that is, in my opinion, the most challenging part.  

Chris,What are you looking to finance or accomplish I ask because with a quick Yelp review there are some negative reviews.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.