Housing is one of those things that people like to scream about, but the reality is that there are more than enough places for everyone to live.

Hopefully, not an expensive tenant or Fair Housing lawsuit.100% of what @Travis Biziorek states is true, but he left out a key fact - he lived in the Detroit area when he started investing here, so was able to self-manage and meet everyone he had to hire face-to-face.

It always seems the people that don't live in CA or have ever lived in CA are always the one leading the bandwagon of "why would anyone live in CA?".

@Jarrod OchsenbeinIt's great to hear that you are succeeding with the co-living model.

Keep in mind, everyone needs a place to live in landlords provide a service of providing those places and keeping them in good shape, updating it, etc.  

All the rest live in other states or countries.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

We live, office, and Property Manage in Queen Creek and love it!

I actually live Pinellas County.  

Talk to a CPA to see how each scenario plays out.A 401K continues to grow in value, but what do you live on?