As you may recall, earlier this year I began brokering single family rentals in other parts of the country. The rental homes have been rehabbed, have tenants, are managed, and offer a little income every month. Plus appreciation. These are all in cities where r.e. is much, much less expensive than L.A.
Anyway, NYT has an article about this very thing:
https://www.nytimes.com/2017/07/28/realestate/smaller-housing-markets-lure-individual-investors.html. They mention one of the national companies, HomeUnion. I have a relationship with HomeUnion but they don't do their own management. If you would like to explore this further, please contact me.
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