Feel free to move me.I'm the owner of a single family bungalow on the east-side of West Hollywood, an area that has recently seen a huge surge in development.

I don't want to reiterate what @Kelly N. said as it is excellent advice.I usually don't raise rents on my excellent tenants unless they have been there for a long time, and the rents are far under the market norm.

Single family and multi-unit rentals are all the craze out here right now and the fix n flip market is starting to heat back up (so long as you get in at the right price point obviously). 

Hey Huy N. - BiggerPockets exists today because of this problem.

Originally posted by @Yvon N.

Originally posted by @Kevin N.

April 21 at 6:45 is the next Real Estate Investors meeting and will be Midland Centennial Library  2503 W Loop 250 N, Midland, TX.

I would let him know there are other approaches but can't see him going from one end of the spectrum, an all cash buy n hold investor to the other, of flipping with hard money.

Hi @Chris Koteles,Your fear is one of the exact reasons the The Metro Detroit Real Estate Investors meetup was launched over a year ago by Tom N. and myself.Dont be affraid to attend events.

If your dead set on buy-n-hold SFR, you can drive a couple of hours to the central valley or the high desert, but that would require you to frequent those places (but who want to do that... no offense to anyone living in those areas :o )Here is an LA times article about Airbnb (a vacation rental platform).