But, there are still a few good ones out there and you need to dig deep.For example, Ivan if you want to buy CA 2nd NPN notes, you expect to pay at least 50% on a dollar.

Living in Southern California, I realize the market here is quite expensive, and I’m not sure if it’s the best place to get started.

*I USED to own properties in San Mateo Co CA (Silicon Valley)and found that the Building/planning dept was so malfeasant and next to impossible to work with that I sold my properties AFTER I spent YEARS trying to 1st get plans approved,** then completing the work.

What actions and/or credentials make a landlord an active property manager to deem rental income/loss active in CA?

Most of CA is a really tough RE market to break into.

For example, a $650k 3-4 unit where each can rent out at $1,500, allowing for a negative cash flow of $2-2.5k/month the first year.PossibilitiesGiven those goals, it would rule out the more expensive places (California, Seattle area, Austin).

Sebastian in Claremont CA These are photos of the condo: https://www.zillow.com/homes/991-W-Sierra-Madre-Ave-.num.2-A...And And these above are the new home (ADU) rented for $1,875 p.m  Just trying to motivate you… that’s all. 

I would go to the big bus tour events in Irvine CA. what was happening was there was a turnkey operator that was allowed to offer their product at the end of the Seminar ..

How is the real estate in a landlord friendly state of CA?

good company I have used them in the Sacramento CA market as they are SF based or were when i did my deal with them..