If your goal is an income stream (passive to semi passive), then you have two choices, landlord - buy and hold or invest in notes or make loans.HELOCS are less abundant these days and you may be better served getting a cash out refi on the house with a 30 year fixed rate around 4%.

At one point, I thought about doing what I've heard people call 'wholetail', which is like your PDX example of buying at foreclosure auction... then we add small markups (and possible financing) before selling to rehabbers ... then the hedge funds came in and made semi-retirement a much more rational idea.

Also, a good portion of them are on Section 8, which does a nice job of motivating them to stay in line.I think the MUCH bigger issue with investing in semi-decent CA areas is the cost of entry and difficulty to avoid negative monthly cash-flow.

I would consider it semi turnkey because the units are not always properly renovated but there is definitely a tenant on the property.

I could see the site visits being reasonable on an annual, or maybe even semi-annual basis.

We all saw the markets that went nuts 2008 Phoenix was a BIG one, but as I read North Phoenix is a new Silicon Valley with semi ships mega factories going up, one plant 12 billion dollars TSMC, Intel is an also building a semi chip plants what is different these are foundry plants.

We would say we are semi-handy so we don't mind rolling our selves up and putting in some sweat equity.

if its second position I know @Beth Johnson  does those not sure if she works semi rural Oregon though

I guess, my question was around whether the clients would prefer semi finished vs fully furnished apartments and if there is any demand for that on website like furnished finder.

I have my portfolio of 19 units, semi-retired, living the dream with my passive income.