@Dan Schweit, I appreciate it. As far as Palmdale or Bakersfield, I figure I don't have the time for two to four-hour round trips... I might as well go out of state. What do you think?
@Rohit Goel, right on, brother... That's awesome. Have you gotten better COC rates?
@Joe Steele, I get it, it sounds good. Maybe after we get our feet wet. But we can't stomach it for our first.
Your goal should be to not have to drive 2-4 hours very often at all. Maybe a few times in the beginning, but after that you shouldn't have to go much at all. Point behind it being, its only 2-4 hours away IF something goes wrong, or when you want to drive by and check on it once in a while, or when you have a crew on the rehab, you can check on their work once a week. The reason why a lot of us invest in real estate is because it passive. Buy it, which takes some looking, rehab it, which does take some time, then rent it, which should be relatively hands off. All this being said, LA is hard, and very crowded with investors, buts its still doable, just takes timing and lots of digging and offers. or just finding a decent deal, making a sizeable down payment, and letting time do the work. Still a good strategy as well.