That is good but there are fewer folks looking to spend over $1000 a night on a place.This all looks like a problem waiting to happen IMHO.

It looks good) I stumbled across someone locally who does it, but I'm sure you could find someone there if you or other out-of-town investors like the idea of paying a bit more for that level of security and obtain a remote monitoring source of the exterior of the properties.

Hello BP,The Producer Price Index (PPI) is a valuable metric to monitor, as it measures inflation from a business perspective (what businesses pay for services/goods) that isn't always reflected in the Consumer Price Index (CPI) or "inflation" which is commonly discussed in headlines and among other investors.

both have 5yr pre pay penalty. 

Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates. 

You have to disclose all of this when you sell, so you will end up paying your plumber or discounting to your buyer.

I will be managing and will be paying a real estate agent friend to show the properties for me.

This is why when folks say everything is millions of dollar in Ca they just have no clue..

It said this is pursuant to tax code section 23.55It said I can protest in next 30 days1) Does this mean we have to pay taxes and interest for prior 3 years?

Take those profits and pay off the rentals.