Here's my scenario:I am looking at a condo which is priced at $200k in Thousand Oaks, CA.I have $10,000 to put down in this investmentThat leaves me with a mortgage of $190kThe monthly rent in the area seems to be $1400I have A+ credit therefore feel that I should be able to secure a decent mortgageMy question is other than, tax, property tax, mortgage what other costs should I calculate in order to figure out my b/e as well as the fact that this is a good investment?

Several homes I see I have honey oak cabinets that are outdated.

Vincent, in Austin Tenex property management is good and I've heard good things about Stone Oak mgmt. also. 

It looks like a change in direction where markets are calling FED's bluff but we will see where this goes.

@Anthony Gayden LOL, I have been very involved with Realtor Politics over the last 2 decades and trust me Tucson does not like to be framed as the little brother or secondary market in any way.Phoenix makes up 75% of the Real Estate Market in the state but hey let's not let numbers get in the way of our feelings. lol (Omaha/ Council Bluffs) I'm from Storm Lake, IA

@Joshua Thompson come by our Thousand Oaks REI club so we can meet. 

Last option would be to go with the estimate from tree service company to remove two trees (the walnut and oak as per picture on craigslist ad) for $3,500That would kill all my cash flow for half a year --- omg

We threatened to walk away, and well the buyer called our bluff.

@Kyle D Birch I've just started my search and have been looking at Oak Park area as well as the south side.

Red Oak is pretty common at supply houses and easy for them to pick up.