Newbie starting my research, LA/Burbank areas,

[Michele Peterosn]

Hello all! I’m just another newbie who’s got my eye on real estate for long term rental business. I stand to inherit some money in the next couple years and I’m planning on investing a considerable portion of that into rental properties in the Valley area of LA

I’ve got my eye on Burbank as a preferred area. I’m familiar with that area, it’s long been in high demand. No city rent control, (but new state regs will soon apply).  It’s got many duplex’s, triple a and fourplexs,
which are my goal. 

I’d love to hear people’s specific advice. Anything from books to read, how to stay up on ordinances and of course business advice!  I have lots of questions I would appreciate hearing other’s insights & experiences on, like what the best time space between buying units?  Is a building ever “too old?”  Are pools too much liability?  What are common oversights newbies like me don’t plan for?