And its also a situation of putting all your eggs in one basket (versus taking the money and diversifying it into numerous passive syndication/crowdfunding deals).

DO NOT STOP or DELAY your rehab putting all your eggs in this basket.

Don't miss the low hanging fruit to increase ROI (outside light, is it an LED?

So, don't just assume there is low-hanging fruit out there.

You need to be able to quickly dissect reality to something that is fruitful..Also chime in on all the out of state I buy cash flow threads.. those CA investors NEED honest feedback.. and I for one think they need to engage far more with local quality PM then they do in the out set of their search for a TK or out of state rental.

When you become the owner of a property, you are then entitled to the fruits of the land, these pricing limitations fade away and your price is determined by the market.This is too long already, sorry, I'll contribute to justified values later on, but those justifications have little to do with your personal involvement.As to the above transactions, it appears the buyer made additional concessions, no rent, low rents, I assume cleaning up the place, these are things above and beyond simply facilitating a transaction and that carries value.

That way if you make a mistake (and you probably will) it won't be all or nothing as you won't have all of your eggs in one basket.

Not having all your eggs in a 1-house basket will help you with cash flow.

This morning I saw a TINY mouse jump from the top of my kids closet to the floor over baskets and into the hallway!!!!

It's much easier to be patient when you see what the fruits of that patience bring you.