Doesn't that sound like you are a limited partner - without control, and just along for the ride...?!

We have owned a 4 unit in Phoenix since 2006 which overall has worked out but has not always been a smooth ride with the economy.  

We will gladly take care of any mold issue, within a timely fashion.

Personally since we are nearing a definite market correction cycle which will of course hour CA hard because that's just the way it is,,,,, in would definitely be looking at a more stable market where you can value add which you've obviously proved you can and buy  cash flow on current property  actuals and enjoy a much less stressful ride when the wave changes directions. 

Worried you were being taken for a ride there for a minute.Thank you for the warning to others!

Enjoy the ride.

Well think of it this way--there may be a little added expense to invest long-distance (couple plane rides here and there and hotel stay maybe or whatever), but if you compare that cost of all of that to the cost of owning a property here...the math still supports it.

Walk by the property frequently and you may get lucky catch the owners or contractors there ... basically, good, old fashioned detective work, which could actually be fun and highly educational for future acquisition skills even if this one doesn't work out for you (most don't, but if you keep trying then some do). 

Again, it’s not for the faint at heart (that’s why you get the big bucks) nor a stable smooth ride (which startup is?)

During the first 2 years, are the payments paid in a typical 30 year fashion, with mostly only interest paid?