Once you get done to that level experience really helps, visiting the area or having someone that knows the area, really helps as well. 

Has anyone transitioned from a construction manager role with a large company to developing real estate on their own.What has that experience been like?

It is a great market but highly recommend partnering with an agent who knows the market and has experience dealing with investors as location is key. 

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

*I aim for a certain guest experience and keep occupancy lower to minimize wear-and-tear and respect my neighbors.

Agent and leasing experience can help with negotiation skills, market knowledge, and tenant screening.

Appreciate any tips, insights, or experiences you can share to help guide me through this process!

Hello, anyone doing MYR in San Francisco or Sacramento who is willing to share their experiences ?

As the CFO of a developer and property management firm, I’ve got some experience with rental markets across the US. 

That's a $268,000 gain per property, or, a total equity gain of $536,000 (which is higher than the CA property's equity gain of $296,000).This is a theoretical example using gross approximations, but hopefully it displays the point that percent-growth is still more important than total value growth.And you're also right about it being a coincidence that certain states are blue and experience high appreciation.