Regardless of the market, choosing a reliable property management company is crucial, as their performance can significantly impact your investment’s success.Good luck! 

@Randall King If you find the property isn't performing well, a 1031 exchange would defer the tax and concentrate that equity into something that has a greater cash flow potential, like what @Corby Goade said.

@Leon G. whether or not you decide to go fsbo or use a realtor you'll need to use a QI to perform the 1031 exchange for you if you want to tax on the gain from your sale (and depreciation recapture). 

The return on equity is probably very low considering they are paid off so maybe explore refinancing or selling the lowest performing one(s) or your biggest headaches to reinvest in more lucrative deals.I noticed you also used a metric of number of rentals to attain your goal rather than $$$/month.

Never heard of him.Make sure you perform proper due diligence.

Always perform thorough market research and verify the numbers on any property you consider.

Tapping into that equity through a HELOC or cash-out refinance and reinvesting in higher-performing assets could improve their ROI significantly.

I don't know about your idea of maths but to me that says Midwest performs at 2X of CA. 

Aaron I would not pay but if they wanted to have this added I would have a licensed electrician perform the work. 

I think what you describe is pretty much standard performance for rental properties if your not paying cash and I am just assuming your putting max debt on them to try to get your return numbers into your criteria..