I am currently in contract on 12 unit total renovation job. 

I've read several different places that $30-35/sqft is a good starting point for a gut job flip and $20/sqft is a good approximation for a moderate flip where some systems (roof or ac) are ok, so depending on condition, I'll multiply either $35 or $20 x (2/1 house sqft) and then add $50,000. 

I'm considering Riverside for the following reasons:I've read from different websites that job growth in the area is expected to outpace Silicon Valley It is close to where I live (I live in OC)I have heard from a few people I know that there are people moving there due to the high cost of living in OC and LA However, I'm a little unsure if investing there would be the right choice because I do not know how likely it would be getting a good tenant fast and I have also read that evictions can be a giant headache in CA. 

These jobs are often business graduate students that gets      ~ $15 bucks a hour in Silicon Valley and a bonus for successful deal making.

I live in Los Angeles and have a job as an engineer.

But I had a real job.

If an individual earned a decent base income from a FT job (relative to the area), then doing owner occupant maybe 3 times in a row, for example, should not a problem...

Greetings!I am a currently student at Columbia University and an aspiring real estate business person. My passion for entrepreneurship and curiosity for real estate will eventually lead me back home to the Carolinas a...

Go get a job working at a local property manager. 

I am all over NJ with my current job and would be willing to meet up with anyone willing to share your knowledge with me about the NJ multi-family investing fun.