And the landlord laws are terrible in CA.

We fired the first PM that PLACED her because they did a terrible job.

As a rookie myself, I didn't realize how terrible the contract was, but the contract is only abut a page and a half. 

Sorry but this is terrible advice. 1200- 1500 hold back,, no, 10k minimum, 

This sounds like maybe an OK house for you to live in and a terrible rental. 

It is one of the best examples of City Council and local registered community organizations huddling together to create restrictions intended to thwart development but here they are doing it in a manner which will leave new housing stock in the dust relative to other neighborhoods thanks to terrible design restrictions.

Trying to balance out cash on cash and overall house value over time.Thanks again Calgary condos are not terribly great investments either.

Instead I bought a townhouse and did terrible with it.

If the tenant's credit is terrible, you won't have the leverage to hold them accountable.

Just based on this number I would tell you it is a terrible market and Jason is completely inaccurate. cape and lehigh are poster child for massive subdivision built in the 50s 60s that market has been a yo yo ever since.. lot prices go down to 10k in lehigh when things are like now and then shoot up to 40 to 60k when you have a building boom like 3 years ago with outside sales influences.