Well, here is where things get better!

Last option, moving to Houston where houses are cheaper but don’t seem to appreciate as well, taxes and insurance seem higher and cut into the profits.

As always, we need to be qualifying tenants well and following up with prior landlords.

We use it on properties bought off market, but it can be used with turnkey or MLS properties as well.

The relative affordability of these markets scales to the suburbs as well, so you can succeed here without going straight to the city.

Hi BiggerPockets, I'm an EE or ECE (Electrical Engineer or Electrical Computer Engineer) with a background in computers and electronics, as well as some software such as C++, Python, MATLAB.I've dabbled with software such AutoCAD for drafting in 2D, not in 3D yet, though.Subscribed to IEEE Magazine, Electrical Contractor Magazine, for both electronics and contracting know how.How to best get my career in real estate started to make passive income?

How about “ I know the multi family market data well and its a great time to buy rentals because interest rates are above 7% for 30 year mortgage and people don’t have 20% down payment to avoid PMI for lower monthly payments.

In the end, you still for a CA property that is likely very desirable and holds values very well with high appreciation potential.

California has strong appreciation and you can cash flow pretty well too.

As a result I'm left with a hefty tax bill as well as penalties and interest.