And, as I'm merely 22, it'll be a way's down the line for me to jump into anything bordering 600k, but I'll certainly keep my sights focused ;) Trevor, I'm glad you mentioned the typical property defects, as just a quick scan through some MLS listings makes it fairly evident that there is some aging infrastructure currently on the market there, for sure.

I got a deal on 2 (3 acre) lots (on lake Michigan) it is a few hundred feet from the lake, there isn't a direct line-of-sight with the lake, but the property does have deeded access to stairs that access a private beach about a 2 minute walk from the property.

I checked out the sight after seeing your post and I found a few condos and SFRs in San Bernardino County and San Diego County.

@Sviatoslav Gulko Id recommend going to your local meet up and network with investors already doing what you have your sights on.

It is very simple, but has timeless principles about handling money.

We offered on the duplex sight unseen with little contingencies.

My question to the community is whether anyone applied the principles set out by David in his book?

You'll be living there for free, you'll be gaining wealth by pay down of your principle, income tax savings, & long term appreciation.  

This year we set our sights on scaling up quickly targeting 50-70+ unit apartments.

I have always felt like this is a better flip than rental just due to the large amount of money we've had to put in, but I don't want to be short-sighted since we ultimately want several rentals, and we've already put in all the sweat equity into this one.