I grew my portfolio and business through partnerships and focusing on growing my network.

Grew up in or lived for a time in the area they invest in.

______Make it make sense.As someone who grew up in California, this tells me two things:1) you don’t know what you are talking about and are very comfortable with your ignorance;2) you won’t even take two minutes to find facts.If the hydrant system relies on electric pumps and in some areas there’s no power, then there is no water.

One land speculation I bought 4 acres in sonoma County CA ( wine country) in 96 for 27k it was unbuildable at the time ( could not get a septic system on it) Well city grew to us The Graton Casino comes in right across the street and we sold a few years ago for over 2 mil to a land assemblage investment company.

The next deals came much easier as my confidence grew. 

I grew up in RI and my dad is a carpenter in the area (was as my parents recently moved to FL) but that got me into that market with some local presence as I stayed in the Boston area. (4) properties and 14 units later, I still find myself investing in RI as the price point is about half of Boston but the cash flow is similar.

Lot less multifamily which is why I haven't bought but it is where I grew up.Make sure you study the eviction laws, I believe tioga County (but could be a different close county im not sure) my lawyer told me that you now HAVE to pay to pack up an evicted tenant professionally and store it for months at your own cost if they leave their stuff behind.

I grew up not too far from there and that is a very typical house, maybe minus the cat.

I guess that is why so many people buy lottery tickets, to have a little nicer car to drive to work....I grew up watching my mom carefully invest in stocks that she held for decades and built a nice portfolio with, I could never understand people who would get a bonus and spend it rather then invest it.  

Way more snakes and mosquitos in Louisiana where I grew up.