I started to learn real estate but had transition myself to the digital world and learn everything about online marketing.

Return can reach double digits.

Refinancing has been working well lately but at some point the interest rates will rise and a refinance will result in further negative cash flow.I am pro So Cal investing but unless the properties continue to have double digit appreciation this one will have low/no return (too low for the effort).  

Let's see what he said just yesterday about this market:***********************************************************************************It is interesting to see how people are pitching properties in this market especially now that inventory has picked up, prices are stagnant, and the double-digit gains are no longer to be had.

I will summarize that details here for everyone.Neighborhood class :BProperty Type: SFRProperty Management Fee: $95 per month regardless the price of the propertyProperty Management: In HouseMarket: Suburb ChicagoAverage occupancy: 3 to 4 yearTenant Type: Blue Collar workers with familiesRenovations: All the big ticketed items + cosmeticsCash on Cash Return: Using BP calculator with very conservative number - 8% Vacancy, 10% Cap EX and 10% Maintenance, we know we can get a property from their portfolio which will generate double digit returns.Finance: leverage with 20% downProperties to property manager ratio is also impressive.They do have eviction experience.

Bigger Pockets has various resources such as: ebooks, forums, blogs, webinars, podcasts, keyword alerts, an awards system, a learn section, informative people in many fields of real estate, and more.

The digit after the dash on HUD's counters is supposed to indicate the number of bids (not bidders).

@Tyler Nord  I just did a presentation at Rarebird on out of state investing and I have written an e book on the do's and don'ts and real life expiernieces of someone who has owned hundreds of these assets ( me )  you may want to read this prior to starting any search for Turnkey out of state... there is no recommendations on companys or selling.. just the nuts and bolts of what us west coast Investors need to know prior to investing out of state.. there are many nuance's that you would want to be aware of prior to making an investment or talking or dealing with any company.just PM me and I will send it over..

On top of severely compressed Caps (5%ish), you're lucky to hit leveraged cash on cash returns in the upper single digits.  

Take advantage of all the podcasts, free e-books (download The Ultimate Guide to Real Estate Investing by Brandon Turner) and of course, the forums.