The nice thing about the strategy of buying then renovating is getting some or all of your cash out of the deal when you refinance the property upon completion of the renovation. 

I always recommend new agents read 1 or all of the following books:- Millionaire Real Estate Agent by Gary Keller- Hyper Local, Hyper Fast Agent by Dan Lesniak- Any book for agents written by David Green at the BP Bookstore- The E-myth by Michael Gerber1.

Let me explain: In Oregon, or all of America for that matter, 15-20-30 year fixed rate full amortized mortgages are paid over 180-240-360 payments.

HVAC/tenting for about 750 sf.The bigger problem is that the test failure HAS to be disclosed by law to next buyer or all future buyers I'm not sure?

@NaDean Bowles for the first two properties you mentioned, how much money are you putting into them all-in to get them rented btwn financing (ie 20% down or all-cash) + repairs to get them rent ready?

We observe most wise investors we are acquainted with, who had much higher return on cash than us, exiting some (or all) their properties in California. 

I would say that I am experiencing some or all of the the reasons you described.

so like the others i wouldn't recommend that anyone, regardless of the source of their funds, sink most or all of what they have into a single rental that's break even or negative. 

From reading the complaints, plaintiffs allege that Clayton made oral/express contracts and presented marketing materials that promised his company would rehab the properties as included in the sale price but the properties were never rehabbed.

Once the property is rented out you can refinance and pull out most or all of your cash.