That said, what is the average return on 10 properties averaging 3-4%? 

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

Many lenders typically establish their minimum loan sizes at around $100,000, encompassing both the initial loan amount for the purchase price and any needed rehab expenses.

I disagree.The future and what tomorrow will bring is unpredictable.The numbers of a deal TODAY don't lie and are actual.If net cashflow is higher than expenses and if that net cashflow on each deal get's you a step closer to financial freedom, than the investment is worth it.Appreciation is speculation and is just the cherry on top if/when it happens.Just my opinion.Thanks 

Too expensive.

Those paying that $8k on the low end...........well, I got a spreadsheet that you can use to track your sub-to multifamily expenses.

Depending on where you flip, you'll need to determine whether you want to do a volume play (cheaper deals but need to do more to make substantial money) or more expensive markets where one deal can be significant. 

Average monthly? 

It is a highly competitive market at the moment and the truly well performing STRs seem to be the large, expensive properties that are themed with a lot of amenities. 

After expenses and mortgage, I end up with a net cash flow of anywhere b/w $150-$250 which I find rather small, and I wonder if this could even get eaten up by tax filing time.