There's a lot more competition than previous years, and prices are high.

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one. 

High-end properties might require a white-glove approach with customized services, while more modest properties may prioritize affordability and efficient communication.

The neighborhood has been flourishing, making this incident highly unusual.What initially drew me to the property was the potential for high rent and strong cash flow.

The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

Another thing to note, these are high-paying jobs being moved to Phoenix. 

Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR.

Without the high leverage you reduce the top source of return in CA RE which is achieve via the appreciation on a high leverage property.  

And DIY repairs are not recommended for other reasons: it will take you much longer to complete, depriving you of rental income, and you run a high risk of your wife becoming your ex-wife.Same risk exists if you push your wife into becoming a Realtor or some other real estate activity just for the sake of tax benefits.