That will tell you whether the property produces cash flow, or bleeds cash, a fundamentally important question.Assuming a specific amount of appreciation is a gambler's game.

Clearly, there is money to be made purchasing distressed properties, making minimal repairs, and renting them out to Section 8 and VA voucher recipients, but this doesn't necessarily help stabilize a community because the residents have no skin in the game.

Just wholesaling and making money no real game plan.

Great to hear that you're back in the game!

It is really a numbers game.

I'm in CA and right now its seems only people with large capital can play this game.

you are waaay more advanced in this game and i honestly don't care that i sound ignorant in this subject because i'm trying to learn, no same in this learning game at all!

Consider checking out your local REIA meetings and teaming up with a mentor to help you get some skin in the game. 

Personally, I would want to have enough skin in the game (equity) so if I needed to unload it, I wouldn't suffer a loss; but that's just me.

Dress professionally, learn the game so you can talk the talk, be respectful and other professionals in the industry will treat you with the respect and attention you deserve.