Jonathan - maybe this is too simplistic of a view, but can you sell the property/properties (including commission/closing costs) and purchase properties that provide a higher ROI than what you're getting now?

If there are problems with the title (back taxes, unpaid HOA dues, etc.) they will need to be cured before (or when) the property changes hands at the closing table.Wholesaling is simplistic in form but is by no means easy.

Some may be simplistic, but would rather mention them at the risk of offending your intelligence as opposed to seeing you make the mistake.1) If you are buying off the MLS, I would seek out a realtor that deals specifically in investment real estate.  

I'm sorry , but for those like @Marco Santarelli that specialize in selling out of state, of course they are going to point out the negatives in southern California, saying that  "California is very expensive and the numbers don't make sense here" is a very simplistic statement, so take it with a grain of salt! 

I'm sure I see this in over simplistic terms, but that's what I think.

I don't think that the three day mortgage originator course that was required is going to get into many concepts of underwriting and an originator is not really an underwriter, so I imagine what it's about is the simplistic issues of debt ratios, down payments, credit issues that may restrict the borrower from qualifying later on to meet the obligation and having time to fix credit issues, perhaps they will require counseling with a non-profit.

Yeah, I was being overly simplistic.

@Matt Faix These numbers look simplistic and I would not rely solely on them for the purchase. 

If your goal is to be rich / powerful then here's a ranking of career types.working with your body (clerk, construction, farming)supervising people who work with their bodyworking with your brain (engineer, marketing) (college degree)managing people who work with their braininvesting your own money (real estate, stocks)investing the money of othersCalling this a ranking is overly simplistic.  

If your investments are simplistic in nature, you may not necessary want to go as far as creating additional layers of entities when structuring the investment.