For me the answer was, it's more work than I want to handle with little children and I'm not outperforming S&P 500 well enough to be worth the effort.Side point, if you are going for cash flow, you are eventually move to paid off properties so you are managing 20-30 not the 130 other people are quoting you. 

He said there is a cryptocurrency bubble that will "eventually prove to be worthless.""

Hey BP, Im curious on what some of you would say as the better route to go and why.I'm at a crossroads between:Starting and focusing on New construction for single-family houses to eventually get into being able to build small to medium editions as a long-term goal.

Quote from @Linnette Greer: Hello Rob! 

At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

Eventually it will have to be free. 

I have a great tenant and very few repairs issues (I put in a new HVAC and water heater a year before I moved out) but will eventually need a new roof (house was built in 2005). 

Because anyone quoting you this price for anything inside a basement with the need to haul the dirt elsewhere is clearly getting ready to rob you.

Another consideration is that if you do a 1031 exchange back out of CA the state is a "claw-back" state so CA will try to get their capital gains eventually.

In my ideal scenario, I would do some more entry level projects to start off while I learn the ins and outs, but my goal would be to eventually work on more luxury flips - larger scaled projects in more desirable neighborhoods (though fewer and farther between).