Quote from @Hector Espinosa: Hi BiggerPockets Community,I'm a new investor based in San Diego, CA/, exploring the Cleveland, Ohio and Columbus, Ohio market for my first multi-family property investment and would love to get some advice from experienced investors. 

diversification and cash flowSan Jose, CA has been very appreciation heavy... and i'm not opposed to keeping some property here, though the multi-family / commercial real estate has very low cap rates, and low growth from what i'm seeing.

It goes without saying that the recent and ongoing disasters in California are some of the most devastating and destructive in recent memory.

Quote from @Hector Romero: Hello all, I am new to the community as well as being the lead in real estate investments.My sister and I currently hold 3 properties next to each other in Riverside County, California (we'd like to get them in an LLC but we're unsure how that may affect financing them).

But, in the long run you may be better off, as the house I purchased through them in Palm Bay has been a lemon, requiring one fix after another.

I’m really excited to join this community.I’m from California.

If it matters, they now live in Oregon, current rental is in California, and the new rental will be purchased in Illinois.

WANTED: CALIFORNIA TAX RETURN PRONeed real estate tax pro in California to go over proposed draft.Includes sale of rental property. 

I am currently located in The Bay Area, California and I am little nervous about  investing out of state but I thought I would give other cheaper markets a shot other than my backyard which is expensive.

Here are the new rental laws in California for 2024.