Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.

They're doing this because you've trained them to believe it's ok to do so.Or, if they're great tenants otherwise, they might just be paying you as they get paid (bi-monthly). 

You can use anyone really in CA who can help out, but of course they want to see the place.

This sounds very much like what I do with my current, non-investor clients, without of course the ROI factors.

For instance, I suspect vacancy might be a little higher based on the train tracks running directly behind the condo.

And of course what are you looking to get out of it?

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

So what is the training outside of the masterclass

Of course, let's keep in touch! 

If you can target one in a higher end area, you could find really nice slabs (probably have to cut them of course) that don't look bad.