Its easy to get burned out from a poorly executed campaign.

I'm sure there are deals in those areas, but most properties will never cash flow because the sales prices are far too high.The regulations in California are arguably the most difficult to navigate in the entire country and it's easier to get burned by a bad tenant and lose your shorts.

@Thomas Burns: Hey Thomas,Although the barrier to entry in Long Island is very high (due to the high price of EVERYTHING), there are still deals to be found in both Nassau and Suffolk. 

In fact, I see Landlords keep rents low and even give free rent for a month at Christmas time only to be burned by their tenants.

Never actually hire the legal team you only burn money.

Telling someone they can keep a six-figure check and walk away from a burned house can be pretty enticing.  

"Oh you heard about people getting burned in these type programs, thats those other guys, not me....you can trust me (gold tooth smile)" Thats my problem with gurus...is that they go after people already destitute and desperate and they use their HOPE to sell them their system.

@Ty Burns thats what I'm talking about!

Is the $50k burning a hole in your pocket and you want to reinvest it?

I have two burning questions before I dive into the deep of fixing and flipping.