There are some markets in CA that do cash flow, mostly the desert areas and areas like Bakersfield where you can buy properties for sub $100k and get over $1000 a month in rents but these areas will have lower appreciation potential too so it is almost always a trade off, more cash flow usually equates to less appreciation potential and vice versa.Rehab flips are better returns, but an active investment, not semi passive like rentals.

I should have bailed on college when I had the chance and took up a trade skill at some on the job training program.

I suppose the only thing out of the ordinary is how we want to fund it, and that we aren't builders by trade.

One of our objective in the game is to trade up our houses with hotels.

If authorities decide you have violated 3rd party rules it has heavy consequences.

Silver Bay is the first publicly traded REIT to focus solely on single family rentals on a nationwide level.

If he needs a post hole digger/auger thats a tool if the trade and its on him.

I'm assuming there are tax consequences to be considered and I don't want to find out at the end of the year that I made a rookie mistake with the rental agreements.

Kay March: In our lease we explicitly require Tenants to obtain our consent prior top affecting any repairs or alterations to a property ... and in most instances we will insist they use our standard trades/service providers to carry out the work.

Consequently, you should be able to find someone to help you watch for and secure homes that may be marketed at the wholesale level.