Here are key adjustments:Kitchen ($50k): Likely $60k-$70k for custom cabinetry, quartz, and premium appliances.Bathrooms ($40k): Expect closer to $50k-$60k for four bathrooms with high-end finishes.Flooring ($20k): Likely $25k-$30k for engineered hardwood, refinishing, and tile.Exterior ($12k): More realistically $15k-$18k with landscaping and a quality front door.Misc.

@Kyle Carter  We love renting to Section 8, however depending on the size of the property you may not be able to realistically rent to 100% section 8.

I would not accept less than GROSS monthly income 3x rent because realistically they are not likely to keep up with paying rent.

I called back again and asked for the Supervisor and 2 weeks later still no call.Based upon my experience, I would strongly urge anyone to be very careful doing business with Ron LeGrand or Financial Freedom.

In my experience as an agent (and long before an investor) people who are ROI driven and don't come with a passion for brick and mortar do not succeed in REI. 

I ended up switching PM companies to RPM, and have had a better experience with them so far.

If you are too busy to go see a whole bunch of properties in person, meet PMs, and help with getting your first property stabilized... you may want to wait until you have more time.Not trying to be negative, just realistic. 

FICO, experience, and LTV are also factors but this is the basis of the loan.

Our experience has been that most tenants book about two weeks out from a vacancy, so don't slash the price of your MTR too soon to your next ecpected vacancy(you will get nervous, I promise).

Realistically in California, it’s probably a 3 to 5 year process.