It’s true the area is saturated with investors, but like someone above said, having someone with the right contacts and who is constantly looking deals, you’ll have no issues picking up a deal if you’re patient.

I also was not happy about paying out 10% of my income to CA income tax so CA could transfer that wealth to the highest paid Gov employees in the U.S. and their fat cat 6 figure pensions.

Apologies -- I'm definitely one to fat finger stuff on my phone too.

@Myles Coles You already have the answers, real estate markets may look saturated but there are gems out there! 

Prefer no paperwork too, just hand me a big bag of cash and I'll leave you a fat return in my Will.     

Many people look for THE BEST "diet," and when they don't see results after a week or two or three, they become Internet junkies and switch from the low-fat diet to the low-carb diet, to paleo, to ketogenic, to vegan... and ultimately get frustrated and give up.

FL is saturated with investors as are most markets across the country.

Well the title of your post hit the key word- saturation.

The profits just won't be as fat or ridiculous as the typical "yo i bought a house for $100k, put $30k into it, and sold it a few months later for $200k after listing it for $225k" kind of deal you read on here.Even if you manage to make $5000-$10,000, the experience you got from this is worth far more than that, and you got to make money at the same time.

This was the same math done when you purchased the triplex, if you purchased it as an owner occ and used the rental income to help qualify.3) If you want a rational reason why non-owner occ math is more generous than owner occ, consider that non owner occupants have to put big fat down payments down, and have more skin in the game generally. 4) Rental income (anything about it) is frequently overlayed.