I don't get too many "young singles" but I do get occasional "empty nester" tenants who either want to (or need to) downsize.

My interests are single family and multi family rentals and I’m considering flipping occasionally for that shot of cash when needed.

We plan on starting small with our focus on renting small MFH (Duplex-Quads) but also the occasional renting and/or flipping of some SFH.

I had been tempted to buy a car, too, a well-used Geo Storm for $1500 cash, but I realized that was too extravagant and I could get by without one.Without a beat, my tenant went right back to talking about his money problems.

I am a member of California Association of Realtors and regularly attend local meetings and events in addition to WCR & YPN events; occasionally BIA.  

@Subhash Reddy my parents grew up in Castro Valley and San Leandro and I still have grandparents in SL so I get down that way occasionally.

So, if you have good tenants that occasionally run tight on cash and they get paid on the 1st you may have to adjust your grace period slightly.If you rent in low income areas -- where tenants often don't use bank accounts -- try a service like Pay Near Me that lets them pay you from 7/11 (or the like) with a cash deposit.

So wave goodbye to rigorous screening, evictions, issues with rent collection, the occasional $5K unit turnover, etc.

I will buy them and then resell them, occasionally I will do nothing other than wash it and take better photos.

I speak occasionally there.