Although we've had a big, big drop in oil prices food prices are still going up.

Just food for thought from someone who got their first rental as a 15 year loan :)

Kind of like getting food in a prison. 

Food for thought.

I'm working a dead end job in fast food and just tired of living paycheck to paycheck.

Realtors appreciate free food!

Plus, you could deduct business expenses, like gas, some food, home-office shared bills, formation expense, etc.

You're definitely at a point of advantage by being debt free and having a nice chunk of change saved up...well done.I'm not familiar at all with the San Diego market, so take what I say with a grain of salt.

Although you'll likely need to take the estimated values with a grain of salt, it also includes the Zillow estimate as well as the tax assessed value and recently sold comps.

BTW, please take with a  large grain of salt the proformas which ignore many real expenses.