There's no correct answer.

Make them answer these questions.

If you're talking a coastal SoCal duplex, the answer is probably no...it will probably not be cash flow positive (assuming a mortgage on the property).In addition to looking at non-traditional types of property, there are also some lesser populated areas of SoCal. 

I can answer any other questions you might have about the deals. 

If that is the case, and if you are clear on that goal, then focusing on acquisition is the obvious answer. 

You can get a lot of answers by going to the city of Portland website  https://www.portlandoregon.gov/BDS/65603The fees, process and timeline are all answered well on the city website.

There are also very experienced people on this site, that will help you and answer your questions. 

Sorry, just trying to make sure I understand you clearly before I give an answer.

I have read several books on investing and the general answer is that it depends.

Just when I thought paynearme was the for sure answer. :)