The expanding growth of the businesses you mentioned is promising but I would still like to see the valley absorb more of the existing inventory and keep demand strong vs dilute demand with an over abundance of new properties.

., flood plain map a few resources on due diligence.Land is a whole different animal so if you can't wholesale be careful about closing on them.

By the time closing occurs, significant % of renter demand has already booked.ThanksRich

And if so; what is the 'three day notice' demand for?

@J Scott , I agree that the hourly rates for painters here in Texas should be around $15-25, but right now in Houston with the way the market is, the subs appear to be raising their prices because there is high demand for work.

It would not be prudent for you to service this type of loan, even if you are exempt, the base line as to requiring servicing functions and meeting demands will be as set as customary und Dodd-Frank, an individual really can't go there in view of the cost (which can be paid by the buyer, or split or by you) of a mortgage servicer, it would be nuts to attempt it.

The great things about O.C. specifically are:Very low unemployment rate (4-5%)Broad based economyHigh average household incomes (means qualified buyers/tenants)High demand for properties (helps drive up appreciation)Perfect year round weather (draws tourists all year)The ocean!

Right now I am juggling real estate, a full time demanding job, and kids, so I have to be really careful about allotting/balancing my time.

I would assume because of supply/demand - more demand in LA so people are willing to accept lower cap rates - presumably in the hopes of future appreciation.

There is no way of saying which borrower or tenant will default except through good underwriting practices and the ability to read people, I don't miss very often and there are aspects of life, those "financial life events" that can never be foreseen in advance.As to bands of investment/price, not really as I'm an underwriter type and consider each property in relation to the market demand, market rents or collateral nature, to the tenant/borrower.