Purchase price: $525,000 Sale price: $525,000 Project Overview: Duplex to Triplex Conversion for Long-Term RentalIn this real estate investment project, I assisted a client in purchasing a duplex and transforming it into a profitable triplex.

Also, as I and @Dave Foster told you on that other thread, there is no honest creativity with 1031 if you plan to 1031 into a residence where you will live immediately.

Absentee owners are a plus as well...you're really looking to find someone who already has a property manager, does not live locally, and is underperforming (but with a good property/location).

I currently live in California and own a 4-plex in Riverside.

#GoNavy I live and breath real estate and veterans.

I live in Southern California and want to start investing in property and grow that, I only have $30k-$40k what are my best options?

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

It does also cap rent increases to no more than 8.5% which while annoying (probably most especially in NY, where price of living is high), does at the same time help the tenants out as well as helps stop tenants from leaving for no reason other than huge rent increases. 

You can also begin a series of strategic conversions of your investment properties. 

You'll quickly learn that many investors who acquire deals in Atlanta implement a rent-by-the-room/co-living strategy.