The TV side seems to be the tougher nut to crack. 

@Dave Foster That sounds like an immeasurably tough place to be in - but it also sounds like you were tougher than that rock that you got steam-rolled under.

If it's a bull market then yep you may have a tougher search. 

Development has definitely gotten tougher since pre 2008 in Phoenix for smaller infill Development. 

Demand for housing in California is greater, but it's also tougher to cashflow.

WSJ article stating that lending standards are tightening which I knew would occur pretty quickly.https://www.wsj.com/articles/people-need-loans-as-coronavirus-spreads-lenders-are-making-them-tougher-to-get-11585357440?

Hi Eric, I just contacted a realtor in Lafayette, and he said conditions have changed since I last looked in 2017 and 8-10 caps are tougher for the price range I'm looking at $50-200k, but not impossible.Due to fund availability, I think I'm going to have to dig a little more to get things going there. 

It's a challenging landscape, dude, and it's only going to get tougher.

In our experience & opinion, your success will depend on the property class, your PM experience and your organization & detail skills:Class A - fairly easy to self-manage remotely if you get a quality tenantClass B - tougher to manage and find a quality tenant, but still doableClass C - you better know what you are doing or you will lose your a$$Class D - most local DIY investors can't succeed, so highly unlikely to do succcessfully remotely

Also not 100% sure, but they also may prohibit you from living in the property.You'll probably want to do regular conventional loan, but that will also mean tougher qualifications...more income on your side...and you will likely be paying your full share of the rent on your unit.