Also, consider reaching out to local property management companies for their input on rental demand and market conditions.Comparative Market Analysis (CMA): Your agent’s assertion about good rental comps should be backed by a Comparative Market Analysis.

Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.

As long as you can manage the short term, you will succeed in the long term.

You need someone to help you with finding A property, rehabbing, project managing rehab and property management.

Today I met with Tim, he is my mentor/partner, he was my old office manager in MA, and he was the one who convinced me to get licensed in Both states. 

I manage around 400 rentals with 14 years of experience and have never been sued once.

Can anyone personally recommend a property manager in Hemet, San Jacinto area?

She'll be a partner and manager in the LLCs and could take on more of the searching, analyzing, PM managing as the portfolio builds.

You could purchase one or multiple properties in different areas and markets, as well at expand your portfolio.

Negative cash flow means your rental expenses exceed rental income, which could impact your finances if not managed properly.