You cant find an existing home for sale for same price that doesn't need extensive work and that comes with same assurances, let alone a brand new home, furnished, with amenities such as pool, gym, taco bar, steps to ocean, shops, and the sound.

Properties that have received city housing incentives are barred from operating as type 2 short-term rentals."

Because when he finds out you took all of his "valuables", he will ask what you did with all of the gold bars and diamonds he had in the house. 

I think SoCal is pretty awesome personally...we visit pretty often...love hanging in Balboa Park...beautiful scene...nothing quite the driving the 1 up the coast...last time there we drove LA to SF on the 1 and immediately starting looking for local RE.Hope to see the ADU restrictions lighten up soon...that's really the key to starting to bring our housing markets into balance...there really is no such thing as a housing shortage...dwellings exist in every 2-car garage in America...and definitely a win-win if you can build on your own parcel in SoCal.I think at the end of the day it's the barrier to entry...for most guys starting out with $50k in capital, SoCal is not on the list of places to look.Oh, and don't forget about Lake Erie ;) 

Please feel free to reach out if you're interested in networking or have any advice for a newcomer to the MTR scene here.

Reality is, realty estate blow's the doors off anything & EVERYTHING stock market or bond market BAR NONE.   

Yeah, no joke I credit Franklin clearing that high a bar. 

I'm new to real estate scene and have just been listening in on BP podcasts.

Being fairly new to the REI scene, I don't have many connects yet but I am in the process of attending meetups and looking to network with investors/agents/PMLs in hopes of forming a team. 

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