Oxnard is interesting you have to becarefull there are areas that look ok but I wouldn't touch if you are looking in Oxnard have a good realtor on your side that knows the areas.

For rent collection purposes, it's super easy to use because once you and the tenant set it up you don't have to touch it again. 

Say for example if your getting $12,500 off of flipping a house with out touching it to another investor and they get mad because you won't pay for cost of $600 dollars you gone and pay that $600 dollars and get $11,900.

Brad,Send me a PM and I'll get you in touch with my CPA.

If a tenant moves out, hire a broker to rent the place again and your handymen can complete any work or touch up paint in between tenants.Hope this helps you!

@Tony HofferMost of the responses to this thread touch on the key benefit of 401k contributions, which are the tax-deferral on the funds and the potential of an employer match.  

The 401k plan itself can make investments for the benefits of the 401k, you will not be able to touch any gains or incomes from those investments. 

Be in touch, I'd love to chat with you. 

Just touch base with city people in the building dept to answer your questions on what to do and find a qualified real estate agent.  

Some banks like them, some won't touch them.Another thing to watch out for is that if you appraise within the 6 month window the appraiser may use the sale of the beat up house as a comp!