Currently being leased, but expect my total cash on cash return to be above the number I target.

It was a pain trying to refinance but totally worth it. 

They mentioned having two mortgages on the property worth about $400,000 in total.

CA, in total continues to lose 100k's of population and continues to add onerous legislation, including the state rent cap they passed a few years ago (doesn't apply to sfr's though).I am not sure why anyone would want to jump in the deep shark infested waters right before feeding time, unless you have a clear proven strategy, or a very long time horizon.

Total rent s/b minimum $2,250 but with housing vouches, $2,550

(The app now has a toggle button that allows users to see the total cost before taxes.I think the hotel and vacation experiences are just two different things.

That could totally be based on execution failure, but for us, it just wasn't a good fit. 

Typically whatever the material cost is double that to get the price for total.

@Leslie L Meneus, I forgot to mention the "in-between" conferences.  

Principal Paydown: $2,441 Total Gain: $58,317 ROI: 360.32% (on $16,185 upfront investment: 3.5% down payment of $8,715 + 3% closing costs of $7,470).Year 2 Analysis Cash Flow: -$752 Home Appreciation: $6,120 Principal Paydown: $2,617 Total Gain: $7,985 ROI: 49.34%.Year 3 Analysis Cash Flow: -$375 Home Appreciation: $6,242 Principal Paydown: $2,806 Total Gain: $8,674 ROI: 53.59%.Year 4 Analysis Cash Flow: $9 Home Appreciation: $6,367 Principal Paydown: $3,009 Total Gain: $9,386 ROI: 57.99%.Based on these numbers, you’d have negative cash flow for the first three years and only break even in Year 4, assuming a 2.5% annual rent increase.Adjusted Scenario see second picture: Landlord Covers Gas and WaterIn the second scenario, I assumed the landlord would pay for gas and water at $300/month while maintaining the same 2% home appreciation rate.