I'm getting ready buy my first investment property in the next year hopefully and am curious if anyone here in the Los Angeles/Orange County area has found good multifamily homes that could cash flow and/or help me pay down most of my mortgage.

My wife and I currently flip homes mainly in LA and Orange Counties.

Although prices are high I feel that during a market correction people from Orange County migrate to Corona because of the proximity which should help in propping up rental rates.

Also HOA fee of 110Hypothetically if I can cash flow $700 a month, is this property worth to pursue with a 5% ROI in Orange County?

After the orangal post it appears that the booking part may be simple to do on our end if need be.

@Fernando AvilaI live in Orange County, and wife lives in Pasadena, so very familiar with SGV.

Of course our financial situations may be a completely different story and then it’s apples to oranges....

Also make sure the county you are considering purchasing in will allow vacation rental owners, because Orange County does not.  

I agree, I plan on doing multifamily and commercial investments in San Diego (and throughout SoCal) and I will be an agent in Orange County and San Diego so I do think I will be exposed to investments before others. 

I suspect you and the OP are comparing apples to oranges.