If she stays...) but merely as a "not-horrible" tenant.I won't go into too much detail but I truly am on the fence about this tenant as sometimes, she makes ridiculous demands (Ex: "please swap out my perfectly good bathroom tub for a deeper, more luxurious tub at your expense simply because I want it")She also seems to be oblivious to the fact that she is the tenant in the building that creates the most risk for us, brings the most visitors to the building (with all the slip&fall risk they bring), creates the most noise in the building, uses the most water & sewer (which WE pay for) while paying the least in rent.

That being said, even contractors can be 'low' on their estimates.Kitchen Cabinets: $1,725Counter top: $6,480Appliances: $1,350 (range and dishwasher)Minor electrical updates/repairs: $1,0001st Floor refinish: $3,6002nd Floor carpeting: $1,500Bathroom Update: $1,500Painting: $750Heating System*: $1,000Labor for the above: $6,720Contingency: $2,563Purchase price: $25,000Rehab costs: $28,188 (Including contingency)Total Investment: $53,188Holding costs @6 mos: ($2,150)Closing costs: ($5,978) (7% of Comps value, ie $85k)Net profit: $72,590 -$53,188 -$2,150 -$5,978 = $11,275*The owner let the building freeze without winterizing the house (claimed and screamed that the house had been winterized, so don't worry about the pipes).

The heroin addict visitor like @Joseph Brickler mentions is a problem with no real solution and conducting 'illegal activity' is difficult to prove.I have found them to need some basic education.  

The more 5 star reviews you get the more return visitors you can direct to the direct booking site for a start.

Interesting quotes.All the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting George OrwellOnly the dead have seen the end of the war PlatoHistory teaches that war begins when governments believe the price of aggression is cheap.

Nice to see another fellow SoCal investor here.First off, don't mix your investment strategy or decisions on markets that you visit or vacation.

Supporting this, we have the federal government's 10% grant program for first time home buyers adding to the motivation, a housing inventory that screams buyer's market as well as what appears to be consumer confidence making a rebound.

People don't go to turn key to get the "screaming hot deal of the century".

For example, numerous times this year, I was able to outbid other investors in the area (when I say "investors," I mean other entities related closely to my own business like that of "Home Visitors Franchisors).What was my secret in outbidding all of these real estate investors?

Did you live overseas on a visitor's visa?