Next downcycle, I'll stop investing in the midwest and scale upwards here in San Diego.Lots of different options but make sure you earn some good money and build healthy financial habits first to start REI on solid ground.

The elderly ladies may need to make life changes either in their spending habits or in the decision about where to live.

You are correct, but as a guest I would ask specifically how far you are and if you make a habit of deceiving your guests that wont go over too well either.

If OOS a good realtor vital to push the offers through and make em competitive.

Most people with average income levels and good saving/spending habits tend to see solid (subjective) portfolio growth around years 6-10.

I agree that relationships/your network is one of the most vital pieces of the puzzle in real estate. 

What makes you think they would change their living habits?

The ability and certainty of closing is vital to a sponsor's reputation in the marketplace. 

So it's vital that the person selling the assignment does diligence on the buyer to make sure that they have the funds and desire to pull the trigger.It's also important to remember that you can't just assign any deal -- it needs to be a good deal.

Air Conditioning is not a legal requirement for a rental home in California but I can assure you that tenants will treat it as a habitability concern even if you explain to them otherwise.