This is no surprise.

So, so it's not real surprising to see some of these results.... sigh

I'm surprised anyone is making money in California from str based on prices, supply, interest rates.

You'd be surprised how efficent electric baseboard can be in a well-insulated home. 

Closing costs + rent ready costs + lease out costs - those you need to be compensated for and new investors are always surprised that they can add up to 5 or 10 or 15K.  

Do you have written confirmation that the sisters / mother are a good emergency contact? 

Hi Drew,  I'm no surprised. 

@John Lasheri agree with you, you'd be surprised at how many people listen to Grant Cardone though, and decide that they're going to go buy a 100 unit with 'OPM' as their first deal and quit their job.i think buying something of that size with a few partners is a perfectly good goal. 

If they want to sell it and have emergency funds for medical bills, seller financing likely won't appeal to them. 

The latter takes available cash, but you may be surprised at what you can do if you are willing to put in the time!