@Michael Plaks I've posted on this subject frequently on BP.

I think you will see this much more frequently going forward.

The lender will see it and frequently require the buyer clear it before approving the loan.

We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a  flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).

Once I have enough input from BP community and others, I'll post my FEP/S (Frequently Encountered Problems & Solutions) list in this thread. 

Another point that I forgot to note, this will be a sales director position covering the midland area and surrounding regions, so I will be frequently traveling to midland for customer meetings and team meetings (2 times per month typically)! 

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

I am sorry to hear your original move didn't go according to plan, but it sounds like you got some great investment properties out of it.We would still be visiting California frequently (me for work, and my wife for family), so I don't think we'd want to move back for sure, especially in the area we live in.

Seasonal changes frequently impact the activity of both buyers and sellers, which causes variances in the speed at which properties sell.

Good luck to all  See this far too frequently as buyers have FOMO and think they are going to get this great cash flow.