Best thing to do would be to speak with a good local CPA who can guide you through all of that.  

I recommend you call a local agent or broker to give you a better lay of the land so you understand the challenges/opportunities in this area.

You could start with your agent or a local agent who supports investors and could have contacts to refer to you.Lastly, you could consider negotiating with a local PM to take on a hybrid approach to management.  

To find the best community bank, I would post in a local facebook group and ask which are the best local lenders to work with and ask for a specific contact.  

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

Hi Michael, we're a national lender, so if you need financing in either locale, feel free to reach out!

It reminds me of the Charles Schwab study - their best performing retail investment accounts were from dead people that never closed out the account.

@Muriel Hair here's some articles about Detroit increasing over 20% in 2024...https://detroitmi.gov/news/detroit-home-values-increased-ave...https://www.cbsnews.com/detroit/news/detroit-home-prices-amo...https://www.detroitnews.com/story/news/local/detroit-city/20...

hi Heidi, I’m a local investor looking to buy in Pomona California, this fits my buy box.

The SEC typically stays away from 506c losses because its accredited investors - they will focus on those that hurt the retail investor.