There is a reason many people, who can afford to do so, aspire to live in CA and especially the Bay Area.

Your return on equity just isn't high enough to justify holding it as a rental.Great that you aspire to get involved in real estate investing.  

We are at our core...Americans which manifests itself as ASPIRATIONAL.

I don't know the laws there, she says she does, she's an aspiring real estate investor.  

In brief here's the guidelines I would say are paramount:Class A Properties: these are very fixture and marketing specific and require an advanced skillset and market knowledge so if you are buying a Class A fixer upper it's a different discussion entirely - I am assuming you are not working with that property type.Class Bs: In fixing a Class C to a B or renovating a Class B you want to work with the aspirations of the buyer - they want the Class B to look as much like a Class A as possible so my earlier point of choosing one Class A feature applies - infinity pool, paved lanai, feature wall, upmarket appliances etc.

I myself am a new aspiring investor. i have my CPA license and specialize in real estate taxes.

You can use the money you earn to invest in your real estate aspirations.

Two years ago an aspiring new real estate agent told me about BP.

Hello All,I am an aspiring investor considering an acquisition of existing Adult Family Home (AFH) in Seattle area and am looking for CPA and lawyer who have experience with this niche and can help do financial audit/due diligence of the AFH, provide advice on structuring the business, and help with contracts.Any referrals are highly appreciated.Thanks,GT

I'm probably going to regret this, but...There's too much aspirational thinking here in threads like these and arguing about how many angels can dance on the head of a pin.