I prefer to stay with the more "cosmetic" rehab properties, not the total rehab "reconstruction" projects that require a lot of expertise and capital.

The 'as-is' is a concern but assume manageable with access to right resources and expertise.  

I would hook up with an independent agent in your local area who has expertise in the Real Estate Industry.

My only expertise thus far is with 3 bedroom SFH's and was wondering if you have had a difficult time keeping these occupied?

No shame.If I was going to do personal calls I'd have to do those $5,000 calls for my expertise. 

Hello Preston,My experience is more in the rental sector so I will start there.

I personally like to throw in some specialized VNQ: Vanguard REIT (real estate investment trust) ETF because it includes rental income in the form of dividends from various sectors of real estate like hospitals, apartment complexes, storage facilities, office buildings, and retail shopping centers - areas I would not invest in yet personally, but instead through a REIT, which typically has higher dividend payouts than other funds.

I'd like to connect with wholesalers in the commercial sector & make myself available to help where needed.Let's get together DFW BPers & make connections!!!

There are of course other issues with lower rent properties.So here is my case for So Cal:- Appreciation- Advantages of local including expertise, cost to get to property, able to self-manage if desired (typically ~10%). 

@Tim Macy, I will be reaching out to you to tap your team's expertise!