Investor in California here trying to diversify my portfolio and start investing in a different state.  

@Damien Davis - I bought most of my properties when I had a W2 job. 

I'm going to exclude my personal residence from this because I don't view this as an investment, I need a place to live.Excluding my primary residence my current breakdown is 47% real estate 53% stocks/cash. 

I am from out of state so wanted less maintenance in the short term while I build my portfolio and grow to the point where I am comfortable hiring a manager!   

God's honest truth, so my answer would be NO. 

Quote from @Jonathan Baptiste: I am doing my first deal that needs substantial renovations.

My business partner and I have a monthly fix/flip forum we hold in Scottsdale and mainly just work with flippers/investors. 

I’ve been part of the BiggerPockets community for a while, but this is my first post.

My market is similar to what you are describing and I too see signs of a suckers rally and reminds me of 2004-2006.

For example, I hate to sell anything, but I am selling two properties to raise funds for a new primary that meets my goals.Study the market and really lock in what it will rent for.