I kno this is not conventional wisdom, but this works for me I am 57 and don't want to build an empire just a decent return on my money and passive income.

For me continue to grow my empire is more than a 40-130 pay out. also don't forget capital gains, and depreciation repayment. 

Based solely on what you stated, your "value play" would be to go into office based on you stating that it's "terrible".In my market (Inland Empire, So Cal), all asset classes are overvalued.  

Please suggest how do I need plan out to build my rental empire 

My goal is to build a Real Estate Investing Empire, through various Real Estate investing strategies.

They'd have to be in the Inland Empire for it to work.

Are your comments based on empirical knowledge or opinions? 

Outskirts of LA (like Santa Clarita), Inland Empire, etc.  

I'm hoping to utilize the tools and the people on this forum to hopefully create a long lasting and beneficial real estate empire!

Currently I am still have 8-5 job, but I dream that I can establish my own empire through real estate investment.I watched a lot of BP's podcast, and I believe I can learn a lot more from this forum :)Cheers,Amanda