Contrary to what we see on television, rehabbing houses is anything but simple.

Inversely, lots of new investors gravitate to C and D neighborhoods, because the profits look better on paper. 

I used a simple loan calculator, and my debt service would be 11K/month on income of ~16.5K/month (+5.5K cash flow/month), which dwarfs the cash-flow freed up by purchasing an owner/occupied in California and saving on rent. 

I called the plumber, who after fixing the clog told me that it was because of paper towels being flushed.

CA does not just consider the words on a paper. 

It seems like a simple thing, but reaching out in BiggerPockets about getting started as a real estate investor is a great first step.

It was definitely not as simple as sending the closing statement either and they would not do anything until Tuesday so all units had no power for 3 days. 

It seems like a simple thing, but reaching out in BiggerPockets about getting started as a real estate investor is a great first step.

@Brooks McLean a simple way is to do 50/50.

If your cashflow is $30/month then your COC (simple calculation) on $1500 rent is 0.6%.