While in Indy, the monthly rent is half of it and you can get tenant out in 3 weeks easily, and this rent amount is not for a low end property, so as long as you do good screening, your chance of eviction is not bigger than CA. 

We're looking at single family homes and estimate we can easily get over $2K/mo.  

Plus, someone with that income can easily afford the median priced home here in Sacramento.Mid-career employees in tech are making an median of roughly of $130-160k, which is more than double the median income for the area.

I'm easily amused

The large apartment building market definitely seems to be getting a little to overheated these days, so I try to stay in my easily understood wheelhouse with good cash on cash returns.

John houses in the area are mainly 3bedroom 2 baths but there is a 4 bedroom 2 bath going for 56000 but as I said in the post the third floor could be another bedroom or home office so once rehabbed I believe I could easily get 60000 to 65000. 

It seems as if your prospective landlord wants to have unreported income and the ability to easily evict you if a purchaser requests vacant possession.

Is my sponsoring broker able to easily get his broker's license in CT since there is reciprocity?

But you can easily find long term, steady cash flow on out of state investments in markets like Indianapolis and Kansas City.

It's a fantastic way to learn.Per program rule, you need to live there for a year, but that will give you time to learn about landlording, etc and you'll live for free so you can easily save up for your next purchase!