I searched for homes based on the mortgage I could afford.

They're affordable enough to allow good cash flow, while also attracting decent tenant quality.

These markets offer a great mix of affordability, strong rental demand, and steady appreciation.

I was forced to buy my first house because my roommate moved out and I couldn't afford to live alone.

Diversifying geographically can also reduce risk and increase long-term returns.For example, there are several markets across the U.S. that are ideal for new investors because they offer affordable entry points, reliable cash flow, and strong economic fundamentals.

This clearly impacts affordability and valuations.

How does the already deep in debt CA afford to tack on $50 BILLION in debt service?

Assuming you have 5 units, each worth 300K, and you could afford the loss of one, but not all.

Quote from @Jamie Banks: Here's a few things I include in my MTR lease- Utility caps- Outline of the furniture that is included- Details regarding which utilities are included- Outline who is responsible for lawn care / snow removal- List of fees (admin fee, cleaning fee, etc) Hi Jamie! 

Work with someone who can guide you or just accept that your tuition will be paid through making some costly mistakes which is also legit if you can afford that :-) Good luck!