@Anthony Varela it's not a one size fits all answer. it depends your overall financial situation. you will not want have negative cash flow for sure even though it's in a class A neighborhood with tons of appreciation potential. a lot of investors got burned play this game in the last crash. a $500 vs $100 cash flow ($50 is too low in my opinion) really doesn't make much difference remember your end game is appreciation, cash flow is really icing on the cake. but it will make a big difference depends on how much reserve you have and how much other income you have when raining day comes. the key is to be hold it minimum 10 years by then both rent and property value will go up substantially yes they do go up hand in hand you will be in the position I am in today.

Having the contractors' statements just puts icing on the cake.  

I've done it this way several times; it's a piece of cake.

All they're doing is passing along the same set of "darts"...kind of like one of those fruit cakes you see at Christmas.PM me. 

If i am this tenant i would not want to give up the cake walk he is.

.-1.882.9996Los Angeles-Long Beach-Anaheim, Calif.-2.103.0997Indianapolis-Carmel-Anderson, Ind.3.49-2.5398Kansas City, Mo-Kan.0.00-0.1299St.

I want all the benefits of owning property (including being able to use the cash flow NOW) but want to tap into the potential goldmine sitting in my 401k...without incurring the taxes and fees.So I want to have my cake and eat it too :)How can I make this happen?

Account Closed point, if you can make money from someone inside your sphere of influence using your license its a little extra icing on the cake. 

However, I am a believer in having your cake and eating it too.

@Bryan Zuetel We are thinking San Diego or somewhere in Orange County (Huntington Beach, Anaheim, etc).