I have no outstanding debts outside of my current mortgage which is $156k Just refinanced with a 30 year.

However, comps gets tricky when your search spans over major roads, highways etc. 

Carpet is trashed, walls are damaged, doors ripped off hinges etc. security deposit covered rent but the rest is outstanding.

Hello,My tenant has an outstanding expense for plumbing for which they owe me $300. 

the my way or the highway .. its a business blah blah blah that we see posted on BP works in certain segments of the rental market but for D class  your wearing many hats and have to have a desire to go the extra mile etc.

Note San Diego historically has been outstanding for cash flow for the long term buy n hold investor.  

If the couple still wanted the property when they learned this, they’d have to pay off the outstanding first position mortgage as well, which was in the ballpark of $40,000.

@Keith Thompson  Absolutely outstanding post - I agree due diligence is critical. 

I do have a loan outstanding that as of now I am paying monthly out of pocket. 

@Anita Morrish the VA land board is an OUTSTANDING option for a land loan.