Inexpensive property that will gain a lot of value in the future.  

It's relatively inexpensive for what you get.

hi everyone,Does anyone know of an inexpensive online realtor licensing course I could take in Texas?

That's my biggest concern is paying someone else commission to do something I could do myself for a relatively inexpensive license and the knowledge that comes with it. 

Demo the house, piut an inexpensive but clean used mobil home up, rent it out, then sell as a cash flowing property to an investor, or hold.

When you add in expenses and vacancy factor it might be cash flow negative.

There seems to be no end to the number of folks who get in this without proper consideration.My "expensive" houses that i so lovingly restored and am proud of just don't"cap rate" like the little dinky, inexpensive ones.

My area is fairly inexpensive (Winston-Salem, NC), so it's not like this is taking place in San Francisco or NYC. 

(Basically, where do investors like myself that live in expensive CA, focus on to start growing our portfolio by investing out of state?

Friendly disagreement: I think you should have an LLC when you start out.LLCs are very easy and inexpensive to file.