I have income that paid off the credit cards, a slew of frequent flyer miles to to 18 countries in 6 months and with none of the landlord baggage.

Looking to to for a variance from RSA-5 to RM-1.

FYI- The Appraisal District is not going to to just "come to reality". 

A 3/2/2 in SA for 140k is something worth looking at.  40 year old home, as others mentioned, is going to to be looked at closely to see if there is anything under the hood that can torpedo it as a rental. 

You can send me a message if you'd like to to talk about some of my experiences with them.

Then you can pare down who you listen to to higher and higher quality sources of information. 

It is not uncommon for organizationally challenged owners to to miss one or more payments on a variety of accounts; or move without proper notification to various accounts, etc. which would leave the PM in a perilous situation if unaware the policy has been cancelled.

On traditional flips, you will normally pay ordinary income tax on any gain upon the sale since this is considered "active income" which means you pay whatever your individual income tax rate is on the profit.When it comes to flipping, there is so much involved from the tax side that you really need to talk to a good CPA that specialized in real estate and pay whatever they want you to to help you time things correctly and structure the deals so that you win. 

@Kina De Santis there are plenty of opportunities to to house hack in SoCal, just depends on your goals, needs and expectations.

Another reason is if a really good deal showed up on my doorstep today (that either came to me organically, or I've uncovered), either off market or on market, I can close extremely fast if I need to to get the purchase.