Seems like it's apples and oranges; still fruit, but with a different taste.:)

I currently flip homes in LA and Orange Counties.

., I agree with @Russell Brazil 100% You don't have to be in markets like Austin or Los Angeles to diversify, I'm very familiar with both of those markets as I lived in Los Angeles/Orange County, CA. most of my life, you can get the same type of diversity and ROI's in our region here in the DMV area.

Sounds like your spot is in a great location.Focus is key, but you can only focus once you know what you're after.If you're seeking to maximize cashflow, you'll be targeting different areas than if you're seeking long-term appreciation, which can be a risky proposition depending on the location and current cashflow.For example, on paper, returns in riskier markets will appear higher from a cashflow standpoint (think  rougher sections of Newark, East Orange, etc.).

If you want to get more involved on the policy side of things, Eli Spevak of Orange Splot LLC is trying to get the City of Portland to change its zoning rules for tiny houses: http://www.orangesplot.net/changing-the-rules/.  

There seems to be a list of "Real Properties Sold" on the OC website: http://ocgov.com/gov/pa/div/realproperty/auctions/...Does anyone know if this is comprehensive, or only a selection?The frequency of sales seems ki...

Your ALL in cost is only a cup of coffee.I am currently flipping homes in Orange County and teach others how to do so as well.

@Judi Smith Congratulations on deciding to make a move in the RE game!!

@Andrew Ware   Andrew I was making the assumption he was talking about PRIME IRVINE or OC ( Orange County CA )  not Texas or some other market were there is a lot of new construction that is being sold for rental purposes. 

I have been studying Real Estate for about 6 months now and want to start investing in multi-family homes. first problem I live in a real expensive area in Orange County (for work), so I cant afford local.