Not so difficult. 

This was a clean foreclosure property, which is usually difficult to find.

Significantly more negative when including vacancy, maintenance/cap ex, pm, misc.   

I have heard that CA is very competitive and very difficult to find deals in.

As I'm sure you can imagine, it's been incredibly difficult for even the claims adjustors to gain access to the properties.

Purchase price: $81,000 Cash invested: $30,000 I acquired this property at an 11% cap rate, which provides strong immediate cash flow.

BP has done such a great job of promoting SFR investing to the masses, that those masses have pushed up real estate prices to where it's now DIFFICULT to cashflow right away.Keep going, but understand you won't get rich in real estate overnight - it's a long-term wealth building strategy.For the short-term, recommend joining a few in-person investor meetings if possible, otherwise online ones.

It doesn’t have good parking either so it would be difficult to make it a short term rental.I think I’ll pass on it unless something changes.

It’s so difficult in NYC 

I’d love to hear from fellow self-managing landlords about the biggest lessons you’ve learned along the way—whether it’s handling difficult move outs, maintenance strategies, or unique ways to streamline day-to-day operations.