@Andrew Postell This is an extremely helpful post and I have a question.

One of the items was "termites in crawl space" - truthfully we never saw any termite evidence they are extremely rare in our area and only in the crawl space.

Their response is always, “oh I forgot, I’ll pay today”, but they never do.I’m an extremely reasonable landlord and it’s starting to feel like they’re taking advantage. 

Although I did learn a little and met some awesome folks I feel as though I learned more from this website and other free resources on the internet than I did from what I found to be an outdated home study course and this extremely high-level Three Day Seminar.The seminar I found to be 10% focused on education and 90% focused on selling the coaching programs that are designed and intended to guide the recipient to earn in upwards of $100k/ per annum in investing.   

In bay area you have to be extremely creative and think like business person to create value there re lot of opps but if you copy paste the normal way of finding cash-flow, you would not be succesful.

Yes you can buy properties extremely cheap there but the flipside is that once yoI've rehabbed them, recouping your rehab and purchase money will prove difficult because of the low property values .  

But finding such a loan on a primary home would be extremely challenging. 

I would be EXTREMELY CAUTIOUS!!!

Steve you probably thought of this but in your state you can be the bank without a license and with your very deep knowledge making new origination's for investors could be a very nice play that will keep you engaged somewhat mentally and returns should be 12% easily and for you extremely safe.

Many owners of them are getting hit with extremely high assessments lately because of the lack of structural integrity.