That being said, as @Marcus Auerbach stated above, the spread will be rather thin under the 100k mark so I suggest investigating other neighborhoods that offer more variation in home values. 

Did I just miss the mark outright on anything?

@Mark S.

@Mark W.

@John Pfeifer I would only consider holding if you believe at least one of two things to be true:Rental rates are increasing and you will become cash positive soonYour market is appreciating at a significant mark (4% is the national average, I'd target 5+ at least for a property you're losing some money on).It sounds like neither of those things are true, so I'd probably cut losses and get out.

Question for the group what types of mark ups are you seeing on properties from wholesalers? 

@Leonardo Maia and @Mark Rosenberg Reach out to @Mei Ling Schulz She will be a great help

The late fee can only be charged on when a payment was mailed (post marked if by snail mail) - so if paid online it goes by when the rent was paid online - not when the owner receives it.

Great to be here Mark ;)

Morgan Hill/Gilroy and farther south Hollister (which is at the one hour commute mark) are definitely more affordable.If you/your friend has any questions, please feel free to ask.