I guess it depends on the numbers, though.If your carrying costs run you $1500 per month and the evictions in your state run 2 months then its a $3000 risk, and you would need to heavily factor that into your numbers.

I wouldn't rely very heavily on anything he says.

This information is based on my experience as a property manager in Connecticut with a heavy percentage of my clients being out of state investors:Rely heavily on referrals, whenever you can.

California is heavily regulated, so I recommend you join the California Apartment Association or something like that to help navigate the laws.Generally speaking, you have a verbal agreement to the new rate and deposit.

I can’t tell if that would be wasting my time, or if I shouldn’t rely so heavily on first impressions. 

Hey Josh, I am an active investor in the DFW Market and I strive heavily on sourcing off-market deals.

Since the BRRRR strategy relies so heavily on that third "R," you're taking on a huge amount of risk by dumping your money or, even worse, other people's money into a property.

You reminded me that I need to more heavily consider maintenance reserves, and liquid reserves in general.  

If you wish to be heavily active, I suggest you go down the road I did so you can not only learn, but potentially make more money by saving on some costs.Some contractors will not do labor only and will only do the job if they provide the materials so keep that in mind to.

From what I have read, they have cracked down on this pretty heavily...