Also, some of these investors plan to move here themselves and want their investment properties positioned in the State they plan to live in.  

I'm using one right now since I live 4 hours away (am managing the properties myself), but they aren't the most reliable or organized. 

My goals in real estate are to live a life that gives me the opportunity to live life on my own terms while helping others in need.

@Chris MasonI have not had any issues with that because for all intents and purposes, it is a regular rental regardless of how old the people living there are and the insurance company doesn't need to know who I am marketing the rental to.  

As a graduate of the university, I know first hand the rental rates students will pay as well as the more desirable neighborhoods students would like to live in.I know the area well, and would be happy to help any way possible.Sean

Where in Los Angeles do you live? 

When acquiring these old gems, or objective is to improve their energy efficiency by a minimum of 50% (40% on newer, post War houses) while updating the building to provide modern, healthy living spaces for our tenants.  

I live in Ga now, but  I am born, raised, and co-own an investment company in Cincinnati.

And others are telling me that I technically do not have to live there.

I would like a local bank or broker but I haven't been back in the market since everything went crazy about 5 years ago.I live in Missouri