I like these areas as it has a good ratio of homeowners and renters and the neighborhood is already established 

I have a pretty established net work of real estate professionals in the area would love to connect. 

You risk tenant turnover in this situation but if you establish and nurture a relationship with the tenant you should be fine!

Those things add up to billable fees also once the trust is established.

To depend on the rates to drop substantially to cover refi cost is a gamble.

Fontanelle and PebbleTree are close to Blossom Valley and Village Oaks where all the major establishments are (Hospitals, Costco, etc...), yet they are separated by the 101, making them a unique and cozy community.

I'm particularly interested in establishing a holding company that is a Multi-Member LLC with charging order protection so looking to place it in Delaware.

Establishing your team is crucial to a smooth start in this market.

To answer the 3 year concern it helps establish trends for the business, and tell me how well things are going, better, the same or worse over time.

I would suggest establishing teams in both markets and evaluating which one generates leads that align with your investment criteria.