Would love to hear your thoughts. 

Just be prepared for some "tough love" responses to naive, simple & vague questions.Hopefully, you appreciate these as at least someone took the time to help you with a "lesson".

Love this question as we are living in Okinawa Japan!

Bonus depreciation is an incredible tax benefit, but when you take the time to combine it with the right property and sponsor, that will prove to be a wining formula.Disclaimer: I am not a tax advisor or CPA.

I am thinking about doing a rental arbitrage strategy and would love to meet others who have done that in this area that are willing to give some advice. 

Know 100% all the people who know, love, and trust you and will do business with you or know someone and recommend you to someone who will do business with you....those are the first people you call the day you turn on your license.   

Hey Eric, I have been in Real Estate for 22 years and also new to Bigger Pockets, and have loved learning from it. 

STR's can certainly work in Salem, but are location dependent (ie being in the city for the university or state traffic vs out in the country for wine tourism).

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 ;) 

I'd love to connect with anybody looking to break into the large multifamily space specifically with RV Parks and Campgrounds.