And I actually think I have as much fun finding the deals and seeing the transformation of the houses we do as I do collecting the rent checks, that it would be really hard to give that up. 2) How many of those do you have paid off, if any?

Need to be sure you include the "unknown budget" and never take the optimistic approach as it is better to have money left at the end than writing more and more checks that were unplanned for.Again, if you can walk through an actual property and compare notes with someone that does it in your area (key factor), you will be way ahead of what a generic book can give you.

I'm also thinking of turning a room downstairs into a bedroom with a simple wall.The TH is actually across from UCSD, not SDSU.  

I actually sold a Class C a few months ago - I saw the writing on the wall after one Class C, very likely no capital gains after all my passive losses.

I actually have a fee in my lease if a tenant wants me to physically pick up a payment.

Their actual return is 3.1%/year on the equity in which they've acquired over that time.

There are many who preach this program but the reality is if you run the actual numbers I would argue that is NOT the case.

You'll have a property manager do the management (so you being close to it is not needed).Yes there are risks for some people to go out of state but if you learn the techniques like I have, you'll see it's actually easier and far less risky.

Although you are a new investor, you actually have more and better options than seasoned investors.Id they need a second parking spot , rent that to them also.

@Jay Hinrichs I handled an auction sale years ago where the city/state had assessed a riverside parcel at 60+ acres for decades when it was actually less than 20.