Of course, this varies among different classes of properties.

But of course, they are expensive and can hit you with a special assessment if they're not well-capitalized4.

I need help finding statistics of appreciation, population growth, job growth.California of course has great appreciation and limited competition growth with high house prices making renting almost a necessity but I worry with more people leaving California then coming in this year that Phoenix might be a better investment in terms of long term growth.

Quote from @Elijah Edwards: @Jamie Banks I was approaced by a Relocation Specialist last week to rent out my home.

I would recommend finding a real estate tax specialist.

For anyone interested, here's what happened at each bank:1) The credit union turned me down because 1) the LLC isn't local, 2) they had no way to enter an IRA as the owner of the account in their system, and 3) they were concerned about not being able to control my appropriate use of the funds as manager. 2) Wells Fargo - I went to the local branch who didn't have availability to meet with me and sent me to the next town over 40 minutes away for an appointment with a "specialist" who could help me. 

Quote from @Marshall Robins: Quote from @Felicia Richardson:  Of course!

That being said, before going into any paid mentorship/course, you need a basic level of knowledge.  

In Phoenix, for instance, I’ve watched investors bring in a local property management crew who know how to squeeze every last dollar of value out of a rental, or partner up with local 1031 exchange specialists like AccuTitle to keep the paperwork tidy.

you will definitely be on the list when come time to find a PM.Quick question,As a PM specialist around Detroit, what city/area would you recommend a brand new investor start out in.