Even with the reduced rates, my cash flow is poor for my equity position (i would still be cash flow negative at today’s rates).  

I have very terrible experience with CR of Maryland, and It turns out a nightmares' for me ever time for me to review the monthly statement.  

@Lilia Very refreshing to see such a positive attitude and ability to bounce back, I am sure you will succeed in your investing journey

Review the quality of the tenant base (do they have a history of paying on time, what were the original screening criteria, do they have applications on file).

Hi Cathy,San Diego is a great market to invest in and there are tons of people doing it but yes you may have trouble seeing positive cashflow in the beginning.

However when a great property that fits what we like (ugly and a great price where we can use our skills to make it beautiful) comes around that we can take advantage of our position and get it, we want to be knowledgeable about that property type and be able to jump on it. 

I'm probably another year or so before I'm in a position to leave my job, but that is my end game.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I used a 1st lien position HELOC.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).