I have since fired that property manager since they were more work to manage than my tenants, but the sentiment is still there. 

I usually end up at 10-11% when factoring these in.This being said, I disagree with a lot of the sentiment above. $200/mo free cashflow on a turn-key rental in today's market is a FREAKING GREAT return, ESPECIALLY for a first-time investor just looking to get their feet wet. 

I have found similar sentiments about team building from the new BRRRR book advertised on Bigger Pockets. 

JonesI am sensing some anti-diversification sentiment on this thread.

I would love to get a team set up out there.I agree with the sentiment of @Terrell Garren but will add that doing the initial BRRRR local is challenging, doing the first one OOS is likely to be a failure.The cash flow in San Diego over a buy n hold holding period is likely to exceed the markets you are looking at but the cost of entry is prohibitive. 

@Shaun Peterson  I'd have to agree to disagree about your sentiment that most dont see the value in Delano - As far as where your lot is situated you may need to sit on it 20 plus years - the immediate area and surrounding blocks are run of the mill basic SMALL entry level houses.   

We manage it ourselves due to us being so close by, and sentiment.

Most of the anti-condo sentiment is regarding the lack of certainty with the HOA.

I appreciate the alternate perspective and generally agree with the sentiment.

So i drove past my childhood home yesterday, that i was devastated when my father sold it after a divorce because it was beautiful and had a lot of sentimental value to me. i always said i would buy it back one day, and yesterday when driving past i realized that the grass was about 2 feet high. so i walk up to the front door and there's a sign saying no trespassing and that they were evicted august of 2018. i looked online to see if this was foreclosed on, but can't find any information. after peaking inside i saw a lot of random stuff just laying around throughout the house, it was a mess, looks like it was ransacked.This may be a great opportunity to buy it at much less than it's worth. my question is, can anyone give me some advice to find out who the bank is that owns it , or possibly getting in touch with the previous owners?