I have also been devouring BiggerPockets podcasts (I have listened to more than 50 podcasts, read posts, used the buy and hold calculator, and connected with other South Africans on the BP website).I have been focused on trying to identify potential BRRRR properties in B areas that look like they will become A areas as the city continues to grow.

I am considering purchasing a multi family property (not identified yet) in the Los Angeles area near the University of Southern California (USC) or in South LA, and renting out the property.

@Jillian Jones I mentioned I bought a fourplex out in South Killeen and if you have any questions that I can answer please let me know.

Sounds like Asian Beetles, not the common Lady Bug as we know it. 

If I pull out a substantial amount @ 3% (250k) assuming a few thousand in fees, and hold that in a high yield CD or Savings account at 2.5% Id only be losing .5% on the amount borrowed and can wait until the market readjusts and start BRRRRing in a lower cost area in the Midwest/ South west.Is this a reasonable strategy? 

Realtor was the property manager for it and when it went south I was the first person she calledHow did you finance this deal?

I don't invest in OKC itself  but I do invest just south and southwest of there and can tell you that hail and wind damage are indeed a real threat at all times of year. 

I'm a new REI from South Florida and I've made the decision to invest out of state.

It is about 45 minutes south of San Francisco so that is why the price is so high.

The ones we see that sort of make the numbers work are in South Sac or Del Paso Heights.