If you move to the Inland Empire or Central Valley it's cheaper housing, but that defeats the whole purpose of living in CA IMO as those areas are cookie cutter arm pits and hot as hell in summer...AND you are STILL paying a 10% state income tax.

I guess @Joe McCall's entire empire he built from Lease-Options is from stealing from people and not helping them achieve the American Dream.

All thought 2014 was a bit of a dud but didn't see a huge reason why the Inland Empire region would experience a negative 2015.  

@Ben Stout   buy a company airplane that you use for building your RE empire that will take care of deprecation recapture :).. as well as many that have large appreciating assets  ( us west coast investors as you mentioned) we use 1031's... this is how many start small and end up owning big apartment complexes... over time they keep doing 1031's but they are buying assets that can actually be sold for more money than they pay for them.Most sub 30k SFR's  that are bought at market value..

Such is the reality we live in :) So, when a corporation / LLC - Inland, American Homes, etc. - buys a property, whose credit / income do they check?

This is a beach town but the property is about 15 minutes inland. 30% is much lower than I was thinking- I guess because I know how sharply building prices have gone up.

People have these fantasies that they're going to build cheap rental empires in the Rust Belt while cruising around the world, maybe getting on their phones once a day with their GCs at their multiple rehab sites.So a lot of this came out right after David Greene came out with his book on the process, and I felt certain Greene was somehow whipping credible idiots up with his methodology.

the land boom from end of 1800s to mid 70s was huge.. think CA  millions of platted lots especially inland empire high desert.. same with AZ  NM   Texas.. and of course the mother of them all Florida.. some of this stuff never went anywhere this is were you see guys like landgeek and stuff troll tax sales and buy low sell on terms.. 

Then, I partnered up with a high-school friend and we decided we would build a Real Estate empire so we could become financially free by the age of 35.

I'll be happy to show you my little pig empire.