However, when it comes to properties that require significant value-add attention, I have a particular preference for the Southern, Eastern, or Western parts of Florida.The value-add method, an investment strategy where investors buy properties below their intrinsic value, will be a key component of my approach.

Also a diligent screening of tenant is necessary to avoid turns and evictions. its better to have a vacant property extra two weeks rather than loosen the screening standards to achieve immediate tenancyThe above criteria and third party property management has helped us in growing our memphis and southern ca rentals.

You got a house for $0 down with your VA Loan, and it appreciated in value, and it cashflows, and its in southern california?

Here in my area of Southern California we had to use an abatement company for one our jobs that had asbestos in the property, so also look into the rules and laws in your area for how you/contractors are supposed to handle the material and make sure they follow them. 

Yes sir, investors are still buying out here in Southern California.

My wife and I are implementing a buy and hold strategy, however, we have considered a 1039 exchange within the next 4-5 years for an apartment building or a large multifamily property which is why I concern myself with the potential value impact of tearing out the asphalt.My thoughts are that since the southern driveway which is in terrible condition, opens up to a dirt road, and the other houses on that dirt road have gravel driveways, that I could rip out the asphalt on that side of the house, replace with gravel, and it would blend in with the houses behind me.Does that sound logical or would it still be of concern to add gravel when the rest of the neighborhood (excluding the houses behind me) retains asphalt.

I am not familiar with the southern California market, but if your clients are looking for something to be cashflow positive they might be wasting your time unless they are willing to put a large amount down.

The broker doesn't know what has gone on so give him a break.Then, you ever so nicely and kindly tell the broker that you are about to make him the best known broker in Southern California if he doesn't see to making this right.

I just read Rich Dad Poor Dad, and it has me pumped up.The deals are hard to come by in Southern California, at least from what my scant knowledge of the topic has shown me so far. 

(I'm a southern California native who has been dying from all the rain here in Oregon, so I dream daily of any sunny coast.)