So all I ask/say is please go in with eyes wide open.While my holdings in Raleigh and greater Raleigh are ~$2M less and 1/3 what they were 3 years ago, it is still a great place for most REI.

Texas is one of the states that does not impose an income tax.However, the IRS and States tax residents on world-wide income.As a California resident you would include the income/loss earned from your rental property in Texas.Furthermore, if you operate as a separate entity(LLC Corp etc) you may be subject to Texas' franchise tax.More information of the Franchise tax can be found on the website belowhttps://comptroller.texas.gov/taxes/franchiseWhat area of Texas are you looking at?

Hi all - I've been trying to understand what costs are for new construction of SFR in Los Angeles, but have gotten a wide range from $200/sf to $600/sf, depending on the finishes.  

It's the same size as the one I have now (6ft tall x 4ft wide), but the one I have now isn't actually a humidor, just a cabinet I got on craigslist for $250 and another $250 to turn it into a working humidor.

You've got a great background and, I'm assuming, a pretty wide network of contacts.

This is good for consumers in that you can price/rate shop far and wide. 

My wife's aunt has a property that is two lots wide.

@Mark Robertson mentions, the ability to partner with experts and invest into an array of niches and geographies are difficult to replicate for the DIY investor.I don't necessarily agree with @Bryant Fong on way more risk. 

I know these questions are very wide open, but before we get too serious I want to make sure this is a viable options. 

Your criteria may be too wide.