@Anthony Ronco Nothing wrong with getting your license; however, working as an agent is something you'll probably have to run by your command.

Know the Navy guys commanding officer (important to get this information if you are renting to active duty folks)?  

This reflects the flat reality that nicer properties are going to command a price premium when you buy, for a lot of reasons, and generally would be expected to hold their value better and attract better/longer term tenants, and offer easier resale to a retail owner/occupant buyer should you need to sale.Expenses - assume these will be 50% of your gross rent (in this context, expenses includes vacancies, taxes, insurance, prop mgmt, repairs, replacement reserves).

but my attitude was, NEVER again will I make same mistake ;pand I haven't since ;pEvery deal since, I draw experience from my first monster ;pI ventured to 3 more rentals (1 res/2 comm)and flipped 2 more, and renov-ed SMARTER!!!!!

I'd love to get in on those Billy, but that location commands quite the premium.

Now you can tell what city :) Most Central valley cities command only so much rent.

Decent houses can't command enough rent to justify the prices.

Don't be put thru an elaborate command prompt to reach someone.

You do not want to comp with a 2000 sq ft home and think your 1000 sq ft house commands the same market value.But as everyone else stated get to know a realtor.

On the positive side, if you do end up with E1-E4 tenants that are active duty, you can inquire as to their chain-of-command to 'motivate' them to be good tenants or else their could be professional consequences...