A six-month supply is typically considered a balanced market.

If I go by the 1% percent rule a home that cost 200k would have to gross 2k in rent, Homes I've seen typically rent for 1450 - 1550 max. 

I agree—most of these individuals aren’t paying taxes and aren’t typically aiming to own the property.

When you have a VERIFIABLE record of success within specific property types - and typically specific geographical areas, you MAY be able to attract enough passive investment to begin syndicating smaller type deals.  

Conventional financing would be difficult as they typically require 12 months seasoning to use the newly appraised value.

For inspectors, ask about their experience with investment properties, typical issues in the area, and whether they recommend sewer scopes, especially for older homes or properties with non-PVC pipes.

(typical California home). 

Good tenants do not typically apply for overpriced apartments.

The extra cost is typically well worth the benefit. 

A french drain typically costs around $25-$30 per linear foot.