I keep up with the maintenance and my tenants are happy with their units.There are many, many GREAT deals in California.

HI Stephanie,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

A lot of them don't have proper heat pumps to keep the water hot in cold winter weather.

I've found it to be darn near indestructible.No matter which you use, make sure to keep an extra box of tile when you're done, just in case you need to make repairs down the line.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

I would get an attorney involved and ask about the ramifications of keeping it.

Keep the money and never try to buy a course on wholesaling again.

Just keep in mind if you have a current VA loan it does take away from your Max loan amount based on the entitlement you have left over from the first.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Bonus Question: Is there a certain amount of asset that you keep in multiple LLC’s or do you have them all under one with an umbrella policy?