The further out you go the better the numbers look, but it also means further to travel to service a property (especially if you plan on rehabing it yourself - which i would).

I been traveling extensively to Buena park and staying in hotels.

When I moved I sold it and actually made over $3,000, then I used that to put money down on land and another trailer again instead of paying someone else rent but this time no lot rent.

Any problems with the properties or managers I've always been able to fix via phone calls and not had to travel there.

To rsvp go to http://www.meetup.com/Henderson-Real-Estate-Investor-Meetup-Group/Hope to see a bunch of you local and traveling BPers there.

A SFR market emerges that looks like this: crappy houses that can command a high rental price by packing students in, often in illegal structures, basements, converted garages, trailers, vans, tents, whatever.

I am an entrepreneur and business-minded so I actually spent my time last year traveling the states (San Francisco, Los Angeles, Sacramento, Seattle, Las Vegas, Austin, Chicago, New York) while promoting a clothing line I launched.

If it is filled with stress and travel I do not recommend owning little house with renters.

I travel throughout the Midwest and I look forward to listening whenever you guys post a new one.

The main renters are traveling professionals who typically stay shorter periods (I.E. 1-3 month leases).