Playing with debt and short term, high IRR equity deals is somewhat of a game of musical chairs.  

If I get a free weekend I may set up a lawn chair in my back yard with a 12 pack and read it @Brian Gibbons.

I'm not sure they will cash flow positively, but you do have high demand in southern cal, so depending on area it may be a good investment for holding for a shorter period of time - say 1-5 years.Without knowing anything else about your situation, such as your true experience in construction, knowledge of surrounding areas, the assets you have available to use or your local team, I would just say that you may be able to do both.Lastly, if a company makes things sound super easy - like you have no work to do as an investor and sit back in your easy chair waiting for the rent check to come in - you need to slow down before buying.  

Envision friends over for a Mint Julip or a Pimm's while relaxing in comfortable chairs on a warm evening.

case in point I just funded a 8 home package in another prominent turn key mid west market.. the sellers were all AU investors who after years of not being able to make it work from their arm chairs in AU  sold out at 70% CASH loss's per property.. these transactions equated to over a 250k cash loss for those AU investor. 

She is the Chair of the Iowa Manufactured Housing Association and active nationally and is a very straight shooter who likes to help people.Sign up for The Chattel Finance Newsletter which is a monthly publication distributed for free to retailers, community owners, and others in the manufactured housing business that have a need for information on financing manufactured homes.

*You need to have a rental criteria *You need to have excellent curb appeal *You need to have an appealing open house, application forms, good setup, with card table and chairs, pens and paper, receipt book, etc.

There's no eating at it, 'cause it's always covered, 'cause I'm always working, and even if I cleaned it off there'd be no room for more than one chair based on how it needs to be situated.  

You can use felt pads under chairs etc to avoid scratches by repetitive movement.   

A very smart endowed chair at Boston University advises everyone to save for retirement exclusively in inflation protected bonds..or he did a decade or so ago.