Not a mortgage for $350/month less but with the risk of needing $6000 to dig a new sewer line, or $1200 to replace the heat exchanger...or even the $1000 needed to pay the deductible on a covered insurance claim for the hail damaged roof.  

I would not count on a lot of upward movement from here on out though I think many markets are at the top.. demand is still there no doubt but we are seeing push back on raising prices anymore.I also bought 11 New constructions in the mid 2000's for go zone bene's  and I had them put in scored concrete floors and they were brick homes.. other than hail damage these have been worry free .. the Go zone tax bene's sunseted on the recapture so I am selling them all.. they never went up and I am breaking even.. which is pretty good since I bought at almost the peak in 2006 ish.I read you other post.. your issues as is all issues with rentals is in PM it looks like and maybe you did not pick the more expensive less headache properties its common for many to pick the one's that look best on paper but then you soon realize they only do because they are not in the greatest areas.As for your Dallas stuff  TAX's and foundation issues just eat your lunch in Texas..

@Hobart King that is insane but I don't know what is normal in your area in CA where houses face little danger from wind, hail, flooding etc.

For example, most policies include the standard Replacement Cost Coverage, Loss of Rent/Income Coverage, Equipment Breakdown, Water Damage, Wind and Hail, Sump-pump and Sewer Back-up coverage, etc. 

I also am a newbie, hailing from Indiana. 

We’ve had increasingly worse hail storms and wildfires that have created a real problem with insurance: rates have gone way up and in some areas like the mountains where the fires are and the towns hardest hit by the hails storms it’s difficult to find insurance at all.

My maternal great-grandparents hail from there.

Texas is very tough for a CA investor.. sky high property tax's  soil and foundation issues bad hail storms.. and your income taxed in CA.. so for me its a value add sell market.. make money but do not hold in texas.. but even that only the locals do very well at it.. its a tough place. you need the non income tax to balance the property tax's and other issues.

I know the furnaces are 2 years old and roof was completely new 2 months ago, there was a insurance claim on roof for hail damage.

It so happens that the two "Real Estate Guys" hail from San Jose.