So in the FWIW file what I see all the time is those trying to start out and getting the same returns as those with a lot of experience. you need to build your experience bucket and as you make your partners money U can adjust profit splits.. other wise I suspect nothing will happen unless of course you can tap your warm market that will do this because they like you.

I suspect there could be some truth behind Melanies claims based on that thread..

I suspect build cost in CA are closer to 400 a foot than 200 like many other areas and of course far higher for the custom homes.

I suspect the company made a few million maybe many millions I suspect very few if any who spent the money made 200k net in a year.

San Antonio is hot in the summer.I will compare my return on San Diego purchases against any market, but if you plan to buy rent ready, I think many markets will beat San Diego in the short term.  10 years or more out, I suspect few markets will beat San Diego.  

I suspect a decent VA could access public records and build a mainling list for you  or check Property Radar and see if there software will do that for you..

You've come to the right place - I suspect you'll receive many, similar messages from others in the community and a variety of offers to help.Have you looked into fix & flips or long-term rentals (aka BRRR)?

I suspect it will be well used and have high maintenance costs.Software: office of google office, asana, possibly quickbooks (i would normally not suggest for a single rental, but the rent by room compounds things).  

A few comments from my perspective (and after reading @Dan H. comments):I agree with Dan, and view this as a negative cash flow property as well, given that more than 20% down was necessary to make it work with what I suspect is a non-commercial 30 year note given the interest rate. 

I suspect there are already excellent deals, and that there is reason to believe that buying will be rewarded handsomely over the next 10 years, but that the "bottom" may still be 12-18 months away in a market like Tampa.