It is extremely difficult to manage a large number of single family houses.

I know it's not a get rich-over-night scheme and I am fully committed to taking it one step at a time while working extremely hard to speed up the learning curve.

what are your buyers looking into (networking is extremely important).I am also a realtor in Pasadena so I have the network full of realtors.

@Brandon Sturgill  Also, I don't know if you were just throwing a number out there or not but I would think 2% vacancy would be extremely difficult to achieve. 

@Leslie Phelan   true foreclosure buying and flipping is capital intensive to the extreme...IE buying at court house steps auctions rehabbing and reselling.I like your idea to work for a company that does this and learn the ropes and make contacts and get paid to learn.YOu may want to get a RE license as well..

Thanks everyone you've all been extremely helpful.

That will all be extremely useful in my REI future and it will also make my a very marketable employee, giving me an excellent fallback option. 

You'll find the site extremely helpful and hopefully make some connections for your business. 

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Leroy,If you are not able to find any comps within 8 miles, I would be extremely cautious about the property you are considering.