Not "Home Run" numbers but...Purchase 79,000rents 1,300 a month insurance 850/yeartax 1,500/yearutilities/basic maintenance (lawn/snow) paid/done by tenants79,000 loan at 5% for 30 yearsnot a knock out, but it has a lot of new work done on it (roof/furnance/siding/windows/plumbing/electrical) within the last 5 years...and it cash flows

They are gamblers as getting just one "unlucky" house can knock out their cash and get them out of the market all together for some time.  

You can maximize your potential at these events by reading a book called "Knock Out Networking" by Michael Goldberg.

He's going to knock out a ceiling repair tomorrow that i need done before tenants move in this Saturday. 

Then you start working hard to knock out those smaller steps and before you know it you'll be there where you want to be ...

This is where "lender credits" or "discount points" come in.Aaaand it's FHA, so you can crank that dial way the heck over to knock out nearly all of your closing costs, and then open some of the streamline FHA refinance junk mail that will arrive the second you make your 6th payment to drop that rate right back down (assuming nothing gets Trumped).

A good drywall crew can knock out 250-300 boards a day and have a scratch coat on it before they walk out.

Something to be considered for any market.If you are planning this strategy in SoCal, you should read up on the "self sufficiency rule", which I believe is that 85% of the rents needs to cover the PITI (double check the details please) ... that will knock out many properties/sub-markets for 3-4 unit properties.

With two properties under your belt, I recommend you making sure your next buy is what they call a "fat pitch" ...in other words, one you can knock out of the park...you're young enough to wait for it.  

I have 2.2 acres, beds are slowly growing in size. a few boxwoods , Liriope  some azaleas, A few knock out roses for color and I get a lot of complements.steel edging and a couple of pallets of cypress mulch.