In your case, a repeated theme Kiyosaki mentions is that "business is a team sport" (and if you're the smartest guy on your team, your team is in trouble).If you haven't read it, I'd recommend Kiyosaki's book Cashflow Quadrant as it explains his idea of E-S-B-I (employee/self-employed/business owner/investor).

Could it be that the supply and demand fundamentals are stronger in CA because more people want to live here then there are properties to house them?

One of the things the Worker's comp judge looks at to determine if they were an employee or an independent contractor is who supply's the tools.

Approximately 20,000 new rental apartments are under construction.Current Condition: Demand to live in the area is extremely high, supply limited, rents and home buying prices have continued to increase over the past 5 years at minimum 10% per year.Question: As supply is positioned to increase dramatically it is expected that rent prices will level off.

A Mortgage/Promissory Note would be used instead.Minnesota is still a very contract for deed "friendly" state, especially if you use the state supplied form which is Form 54-M.

We have enough evidence that unregulated buildings and apts skyrocket in price due to the lack of supply of free market apts where you don't need to be on a 10 or 20 year waiting list for that those regulated apts.I think that in the State of NY, and especially in the City of NYC, if you want to acquire a residential investment, you are doing so where the future regulations are uncertain for at least the next election cycle.I also won't rule out Commercial RE to be untouched either.

I will supply capital and technical knowledge.Developing always has bumps and headaches. 

I think that factors such as short supply/ high demand, low interest rates, and asset price inflation due to the massive injection of liquidity into the capital markets will all keep property values elevated for the foreseeable future.

@Kenton LeVay there is less supply than needed most markets. interest rates down meaning the same payments go further and the money supply was increased from 12 to 16 trillion meaning a lot of inflation.

OVERALL, Too much supply of homes in buildings that allow short-term rental and prices that are not worth it.