Plagued counties inland seem to be reducing inventory levels whereas San Francisco has always been the strongest of all Bay Area counties.I have seen softening in markets where Sub & Alt-A financing has affected these areas.

Some of these people will be builders some will just specialize in land development, plats and subdivisions.2.

Lower priced homes can have cap rates in the mid 4% range if you self manage for some San Diego suburbs as well as many parts of LA, those results are definitely achievable in the Inland Empire. 

My fiance and I talked and our exit strategy is not focused on empire running.

Some days, I want to keep investing continuously like that for a lifetime and just build an empire.

Its an empirical rule of thumb derived from some large datasets from apartment management. 

You can find similar out of state like cash flow returns in the more inland areas of Cali.  

@Ashley Zigler Let me know if you ever need numbers of contractors for a coastal area project or any area inland as well. 

Our company is interested in acquiring buy and hold rentals in the Myrtle Beach area (including inland into Horry County) if market conditions are right.

OPM-the key to building an empire.