In palm springs you can definitely get the numbers you mentioned, but need to be wary of ones with HOAs then the numbers don't really work unless one is willing to self manage.We have plenty of people from California and overseas buying here so these prices seem like a jackpot to them, keeps demand going for now. 

However, if a tenant has been a good tenant and everything else was in good shape when they left, except for a broken hand rail, then I feel I've hit the jack pot! 

It pays more to younger work force who obviously get attracted to Valley's lure of hitting a jackpot if one of their future dot com is crowned the next unicorn, compared to old dawgs, since they know young folks are willing to do more, work on weekends, sleep under the desk if needed as long  as they are fed free food.

What's certain is 20k/year and that's like the jackpot around here as most people on here are struggling to break even on their leveraged properties. $200/month is like nothing when it can be wiped out killing your returns for the entire year after uncertain capital expenses.BTW I have my GED so don't take any of my advice literally without thinking for yourself.

If he is letting you just put money in on his deals and get a equal % split per the money you invested, if he is trustworthy, sounds like you hit the jackpot. 

I will definitely check because when the lender told me what I qualified for I thought I hit the jackpot!

Also, the distance between each board is fixed, so you ended up with a jackpot if you have land that a new billboard can be situated.  

She has hit the jackpot!.....

I know dudes who hit jackpots (1000%) with just that one investment move.

You may have hit the jackpot with this lady!