I believe this would be best, because even with the ability (if you have the margins in the numbers), you can get a PM to manage the property out in California and stop by the residence whenever you feel like it.The ability to check up on your property 3,000 miles away is much harder, and if you need to reinterview other property management companies because the one you have out there is not cutting it, it would cost a lot more to handle that predicament. 

Thank you Steven Morales, Leo Kingston, and Steven Thomas!

Moral of the story, Fannie Mae and Freddie Mac along with HUD loans are not sold down to street level investors.  

@Carolyn Morales LOL I never maried so... yes??? 

You know, most every tenant does make a security deposit...4) Moral/ethical: "your surname looks Polish.

Hope this helps @Willie Morales

The moral of my post is don't be afraid to advertise everywhere you go.

Hi Angie,Sorry to hear about your predicament.

your statement in this thread to me shows a very broken moral compass...

You also have no moral or ethical obligation to give him back his money either.