Our plan is to add value through reno or sq footage, in hopes to repeat the process in the future. 1st Home Purchase Strategy Inquiry-From the other forum posts in the OC area that I've read, it seems investors are more into fix and flips, but when it comes to rentals it's out of state.

I’m always looking for the big 3, buy and hold as a rental, buy and sell, or buy and hold as a bnb.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

On the topic of Fix/Flip or Fix/Rent, a few of the books I've listened to that I would highly recommend are...1: BRRRR (Buy Rehab Rent Refi Repeat) by David M Green (Bigger Pockets)2: The Book on Flipping Houses by J Scott (Bigger Pockets)3.

Investment Info:Single-family residence buy & hold investment in Louisville .

Some lenders will want to pre-approve you in case you aren't able to successfully flip it and have to hold it.. 

Investment Info:Other buy & hold investment.

@Thomas Yourkiewicz - There is a great deal of information on BP about Toledo to help you understand its national appeal vs other cities, price, cash flow, and ease of entry are a few.My biggest lesson learned in Real Estate in general is - whatever your niche, you will do just fine provided you specialize, create an offering that meets a need in the market, and stay the course when you have hurdles.This holds true if you specialize offering housing to professionals who need high-end temporary housing while assigned to long term projects...medical facility rentals with nursing staff provided...and for every aspect of servicing the investing community (hard money, note buying, appraisals, etc) which gets you out of the landlord role altogether.One sure way to fail is to constantly shift your focus and jump between cities, neighborhoods, or investments. 

Then if they don't move after a period of time I can file to foreclose and hold a public auction which must be published.