Well,the interior looks lovely but,the exterior paint is wrong and it sticks out like a sore thumb.Something darker that goes with the two much taller buildings you're sandwiched between would have been better.You made some mistakes that are going to cost you like they did me too.First,you decorated the interior to please yourself as if you were going to live there,not good.Way ,way,too expensive for the neighborhood.No one is going to pay you tens of thousands extra for having nice taste in fixtures and finishes.You are also surrounded by multi family rental properties instead of lovely single family homes which is where your place belongs if you could magically move it.Honestly,you missed a golden opportunity to make some good money by not just gutting but hiring an architect and redesigning it into a triplex or quad.A good landlord business would have paid you a handsome profit for a modern designed quad with affordable and nice fixtures.Your initial asking price was way too high and the real estate agent should have talked you out of it.Now you have 161 shoppers on Zillow with only a few of them real buyers waiting you out to see how low will you go.Their buyer's agents are sensing the desperation and waiting to drop the hammer on you.I went through this same terrible thing just recently and lost 85k when the bloodbath finally was over.I am afraid you need to prepare yourself for the same thing.If I am wrong about the address,pay me no mind and good luck to you.

At this stage in your life, based on age and experience not is your golden opportunity to get out of CA.

The "secret sauce" is to memorize this sequence of numbers, 1073741824, and follow the 2 Golden Rules of Real Estate Investing:Golden Rule #1:  Never, under any circumstances, or rationalization, ever...spend your cash. 

This thread is golden - Do you see any other commentary worth noting a year later?

I am trying to sift out the slag and retain the golden nuggets. 

But, here are some quick examples:AZ - 4 plex in Casa Grande for $160k with $2400/mo gross - that's 1.5%AZ - unoccupied 4 plex in Globe for $100k that needs $10k in improvement with a rent potential of $2000/mo gross - that's less than 1% (if you can even rent it out)AZ - PHX metro area in general was even less encouraging.

I still wouldn't know the difference between a ball valve and a globe valve if I never needed to, but it made renovating my house that much easier.

Return of the capital is more important then return on the capital is a golden rule for me. 

If you can do that, you're golden.

Hey everyone, thanks for tuning in, this is NOT CLICK BAIT.So here's what's going on:So as we all know location, location, location has been the golden rule of real estate since humans have ever existed.