If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well.

I came across 2 duplexes and a triplex for what seems like a good price for me, being from Washington state that seems to pencil out pretty well but don't really know the area. 

Focusing on areas that will appreciate well is super important, as equity down the line becomes a huge game changer when growing your portfolio.

In my life outside of real estate, I worked in Information technology where I have participated in the creation of open source software as well as documentation published under creative commons. lots of license thinking to borrow from.It has always felt wrong to attempt to monetize everything associated with real estate investing.

However they don't tell you the full story.I was told, like everyone else, that the properties were "screened" ok... sure, long story short my lady who works at Tax Lien Buyers club, pressured me into buying them, saying oh, "these are the last ones, so I need you to hurry and sign them."

I know I can contact Realtors but I rather find out through black and white thank you guys.Although you said you are in CA and want to invest elsewhere (I'd recommend something within a 1 hour drive from where you currently live), the process of picking the right market is the same.I like to see good $/sf growth over the last 2 years, and a market that is $700/sf and higher.

Thanks, John, I actually joined UpstateCreia last year, but haven't been really active yet, I am signed up for the September monthly meeting, so maybe I will see you there!

A flip last year that didn't go so hot, but I'm out from under it now.

I have heard a lot of cities like Phoenix, Vegas, and Sacramento have had rents go up 25% just in the last year! 

I used to do it all the time but haven't had a need in the last 3 -4 years.