@Gary F.I see Bay area real estate continuing to increase over the next year due to continued strong job market and RE supply issues, despite some migration away due to affordability issues...Sometime in 2019-2020, I am speculating a dip due to effects of macro down turn (again a speculation)  but over the long haul, bay area real estate should continue to be a good investment, if you are willing to tolerate lack of cash flow upfront for a period of time.

I plan on holding these properties for the long haul. 

Had an above the median income paying engineering job out of college$60k in student loan debtPurchased a new truck a few months into my new engineering career, putting myself another $25k in debtHigh cost of living out of college – partying, buying toys, eating out, etc.Following the societal norms for how to live life.Savings rate was almost 0%Retirement contributions of 15%, but I don’t really count that towards my savings rate since it’s locked awayPaying off ~$1000 per month in student loans After a year or two out of college, I soon realized that I was spending a majority of my income and wasn’t saving really any money.

Do I pay for it to be hauled to the junkyard?

Then we have to go in there and haul out what they do not need.  

Claim Estimate: $100 for haul away / cleanup.- Found Kitchen faucet leaking (looks like it's been leaking for several months; and tenant never informed me) and kitchen was dropping by about inch down from granite and water leaking.

That's not to say that they can't cash flow today but you should be looking at the local haul.

Cars are just big boy toys!

I personally would sell the "boy toy" and suck it up and roll with the 4 door as my only ride. 

Assigned Assessments:(if applicable)Assessment Charge: All fuses to be working and properly sized$2-5Refrigerator to be clean$75Range/Oven to be clean$75Bath/s to be clean$25 per fixturePainting of Woodwork fee$30/sq ftGarage to be cleaned out of trash & swept out$25Driveway to be clean of oil and debris$25-50Gutters to be cleaned$75Yard to be mowed & trimmed properly including shrubs/bushes$40+Walks & drive to be clear of ice and snow$50Furnace filter/s to be replaced$50/filterHumidifier filter/s to be replaced$30/filterAll light fixtures are to have the proper sized working light bulbs$10/bulbHouse to be in good clean condition$100-200Attic Ventilation – Repair (per Care of Premises)$200+ minimumAll trash to be removed and hauled out$25-costAll keys to be returned$10/keyCarpet replacement$15 sq yardCarpets to be professionally cleaned$75+Carpet stain removal$15/stainBasic Labor Hourly rate for repairs$30 per personPlaster wall repairs ie nail holes and etc$25/hrDrain lines pluggedAt cost