There is still money to be made and I think you have a good list of requirements, the pool of areas and properties is small in CA for a buy and hold appreciation. 

In CA currently only MF properties are rent controlled.  

Was just sort of wondering if there’s any innovative ideas out there for getting properties online because of a good online presence? 

Hire an experienced real estate broker to help you price and sell the property. 

If you need help, I would attend SJREIA or whatever equivalent there is in central Jersey as well.2) I would suggest buying a property (SFH or MH) in a location you can get you within 30 minutes, especially for your first deal.

The property is 100 years old but has updated wiring, plumbing, and units.  

@Steve K.From my experience, it's more important to find a broker who specializes in your unit count rather than new turnkey properties.

You should use a state-specific lease that is clear regarding the start and end dates, the monthly rent, the fees that will be charged (ex. pets) and those that may be charged (ex late fee), the amount of the security deposit, and a clear list of rules associated with the property (no smoking inside is a big one as are rules related to parking).

The cost to heat the property runs $1,200 a year.

Hi,As the title states, I have  around 100k saved up and am looking to buy a long term rental property (preferably a multi family).