But, as you move forward keep in mind that hoarding in a mental disorder and a protected class.

I'm wondering if there is a way to work around this by investing in other states, using good property managers to take care of the day-to-day details, or if there are ways to mitigate the unfavorable legal climate in California.

We would love to meet local residents and learn more about the investment climate in and around Dallas. 

(in the voice of Ross Geller lulz) when we need to.As far as flips versus buy and holds, I'm a huge fan of diversification especially in the current economic climate. 

In some cold climates you cannot evict non-paying tenants in the winter.

I've been told (and tend to agree) that the best time to sell/rent down south is spring and summer, but climate has nothing to do with it....

Universities are goodPolitical Climate (I like Red over Blue) I will prefer not to buy in California or New York, New Jersey, Maryland.

What an awesome way to get a first hand feel for rental climate and needs of the tenant pool.

This is where BP will be invaluable as you will be able to network and find investors local to the areas that interest you - local knowledge is essential to ensure you do not purchase property in the wrong area; that you understand the local climate, demographics, economy as they all factor into your investment.

Am I right or are these the going rates in today's climate?