I am going to create a different post about what the tax experts on my tax platform said and ask for feedback. 

I would appreciate any positive or negative comments on your experience with this investment opportunity. 

It’s great that you’re cash flow positive and planning your next move.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Recommend you have a great understanding of the answers to these questions before thinking about a lawsuit.You'll also want to use these questions as discussion points with any new PMC you interview.If you post the address, everyone here will be able to give you more feedback about the quality of the listing and perhaps more insights.

This creates a negative initial position.

This could turn a potential loss into positive cash flow while protecting your property’s value.

Those that cannot weather the storm get wiped out.Having cashflow positive properties provides a margin of safety you just do not have with negative cashflow.Why are you focused on buying in your backyard? 

I’m ideally looking to buy that first property in San Diego.ThanksSounds like you're well positioned.

I wish someone had told me about this when I bought my first place.I run a Property Management company and would only recommend a property mgr if you are cash positive or physically cannot tend to the property.