It is crucial for investors to exercise caution, conduct thorough due diligence, and seek advice from reputable professionals before dealing with these two .Sief Khafagi wasn't the problem , the problem was Brian and Arda stole everyone's money and used it to enrich themselves.

I also met a few investors who live in Texas at recent real estate conference - the advantage living there there's no state income tax and they're able to make the numbers work even with higher property taxes.

As others have mentioned, it's also important to not rush into deals, and conduct due diligence!

Please read my recent post in the Starting Out forum "Takeaways from REI Conference to my California friends."

Conduct thorough property inspections, market analysis, and financial analysis for informed decisions.Good luck!

And what I did was a fly buy program I did a big production in SF Bay Area I rented a big conference room gave out stone tickets and spent probably 60k on marketing to drive traffic to the event..

However, you can conduct a proper analysis and due diligence prior to purchasing that will mitigate cash flow losses.From a management standpoint, are you charging enough for rent?

We use Appfolio in our office and love it, and I know there are people out there who use Turbo Tenant as well, I actually met their CEO at a conference and he was extremely knowledgeable of the struggle in keeping track of it all.  

Lowering prices on slower days can fill in the gaps, and it’s also worth setting longer minimum stays in advance to mitigate low booking volume over time.In my experience, mid-week travelers are usually on the road for work—client meetings, interviews, conferences, that sort of thing.

But, I do like having an agent to confer with, to be sure I'm not missing something.