Are you thinking this new cycle of higher rates is at its peak and we are going to head back to the 3%-4% range?

I guess I'll just follow up real quick - I did indeed just setup another mailbox, labeled them "A" and "B", and for the last 4 years I've never head any problems.

Your property management background will give you a head start.

You hit the nail on the head...

If you rent your home in California, it seems likely, (although not guaranteed) that both your rents and the value of your property will increase more rapidly in comparison with a lower-income / lower cost-of-living state. 

Without knowing more, just based on what you said, you are in WAY over your head and will keep digging a bigger hole doing what you are doing.

If you are headed into retirement, my way would still be way safer than your plan.

I was interested in this deal because it is located in a rapidly transitioning neighborhood in Charlotte, near Freedom Drive and Uptown.

I was interested in this deal because it is located in a rapidly transitioning neighborhood in Charlotte, near Freedom Drive and Uptown.

Others have all hit the nail on the head but going to reiterate.