That means if a tenant leaves once a year I have two weeks to get someone in before I go in the red.

Since the property is in Los Angeles County, I expect the eviction could take 4-6 months, followed by another month or two to secure new tenants.

I have two 3 bedroom places, mostly families coming in so those romantic packages wouldnt be that popular.

Quote from @Sam Brock: I'm a contractor and currently building two houses on two lots that I own outright.

I was able to become financially independent in 2 years with two properties.

If you really have gone from 3 to 200 properties this past year while having a two W2 jobs, you seem to have found your niche and doing well, good for you. 

In case you have not noticed, our national debt is already out of control, and there're legal limits on additional borrowing.The government has a third option: print more money.

I generally look for two things: new homes on the market for sale are they being sold very close to asking price, with short days on markets or not.

@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

Milwaukee is the third most competitive market for tenants in the US.