Depending on how much you have available (or plan) to put down (hopefully, 25% minimum), you'll want to take note of the following stats and links for Camarillo Rentals from the MLS. Based on 158 "Leased" properties over the past 6 months, the AVERAGE 3 bedroom home that was rented here had the following attributes: 1,865 sf interior, listed and rented near $2,350/month and stayed on the market for 46 days.
As far as a NEW purchase, out of 25 detached SOLDs in the past 6 months (Structure: 1800sf to 1925sf), a 3-4 bedroom home in Camarillo with an AVERAGE of apx. 1,850 sf of interior space, SOLD for a median of $480K and an average of $500K. Clearly, even if you PAID $480,000 and put down $120,000 (25%), your mortgage payment would be between $2100-2300/mo alone, NOT including property taxes, insurance, vacancy factors and HOAs, if any. Unfortunately, Camarillo properties are still at price levels last seen in mid-2003. Once/if we return to levels of year 2002, it WILL be an investor's buying opportunity. I recommmend you wait and watch. Do your homework and you'll see why.
A Statistical Chart Report (link) for Active Rentals gives you a visual on this activity:
Here's a Chart Report for LEASED rentals:
i would not recommend a property management firm for 2 primary reasons: 1) Most are not open on weekends when the phone calls come in for showings 2) They cut into your cash-flow. . I will gladly get you a number for a service that runs credit and background checks that I use all the time. Good luck in realizing your retirement dreams!