It's inland a bit but still only 25 minutes to Newport News/Hampton and 45+ to Virginia Beach.  

And just like any business undercapitalization will sink it over time.. put it into BK or in the case of the small investor who thinks they are starting a RE empire only to lose their money be far in debt and then walk from the asset.. those are the deals guys like you pick up every day of the week.. those who run it like a business have size and scale and capital behind you

Isaac, go out and buy yourself a rental empire.

I won't ignore the fact that there are some compelling arguments for leveraging myself a bit, and I certainly wouldn't mind building a real estate "empire" that would someday free me from the umbilical cord of my current career (as much as I enjoy my regular job, I also value financial freedom).  

Aaron Mazzrillo as a riverside native you know the market is dry and overpriced for inland empire duplexes.

Maybe a couple of manufactured homes could work out.I have not, though I have looked at some inland cities close to here, and they have properties in my price point, but they also boast some of the highest unemployment rates in the nation (so does where I live, unfortunately).

You can find Aaron Mazzillo on here out of southern Cal and he buys cash flow property in the inland empire.

Atlanta, PHX, Vegas INland empire,, central valley CA...

If you live your life depriving yourself of the things (toys) that bring joy or fun to your life and concentrate on simply accumulating wealth, you may reach a point where you're near the end, have a RE empire and never really stopped to enjoy yourself along the way.I spent many years busting my hump trying to make as much money as I could and guess what...it was NEVER enough.Throw the motorcycles and 4 wheelers in the toy hauler, hook the ski boat to the F250, and captain that Carver down the ICW until the water turns blue!

I do also get concerned when I see proformas by turnkey providers that are only accounting for 5% vacancy (seems optimistic since just one month vacant should be 8.3%), 3-5% maintenance which seems low, absolutely no Capex inclusion etc.....When you put regular numbers in to account for those things, it seems that many of the turnkeys aren't profitable...Don't get me wrong, I'm sure you make something, but just seems like 6-7% after you PROPERLY account for all possibilities and have a margin of safety.I also don't buy the answer that people got involved with turnkeys and then realized they can go out on their own and do it....this makes no sense...if they are busy professionals and don't want to deal with the headaches of real estate, why all of a sudden after one turnkey experience they are starting their own empire?