Then if you decide to get coaching, you will have some action in your pocket which most other coaching students don't have...and you'll have a better idea what to do next with the information coaching would give you.

My partner is a 4th year law student with so much knowledge about community property, business ventures and liability.

We get the students attending a private college, but the neighborhood is solidly blue collar/middle class housing. 

I have a 4 plex and a tri-plex both near colleges where I primarily get students and they have always been great students.

Our strategy consists of finding undervalued properties focusing on student rentals and small multi family units (from duplexes up to 10 units).

Another reason why I am looking for income in other states is because I was participating in the ************** auctions, which a lot of the west coast states hold their auctions at is getting over populated and the homes are being sold at market value.So I am trying to find other ways I can make this work.Do you feel like I am making the right move?

We have owned a couple 4-plexes in Boise, ID for the past 10 years, though I am not actively participating in the management (we have property managers as we live in CA).

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

At least 50 percent of the assets of the business, valued at cost, must be invested in real estate which is managed or developed and with respect to which such entity has the right to substantially participate directly in the management or development activities.b.

I identify possibilities and look for the best people to take advantage of the deal.Thanks, and I look forward to participating on Bigger Pockets!