@Andrew Orr, My wife and I painted the paneling in an addition of a home we sold in Michigan.  

.: 624 Bathroom Information# of Baths (Total): 1# of Full Baths: 1 Bedroom Information# of Bedrooms: 3 Parking / Garage, Exterior Features, Taxes / AssessmentsParking / Garage InformationPrimary Garage Type: DetachedParking Type: GarageGarage Type: Detached# of Parking Spaces: 1 Exterior InformationRoof Type: AsphaltStructural Style: ColonialProperty Condition: FairPatio Type: Porch - No stepExterior Material: WoodConstruction Quality (1-Lowest, 10-Highest): 6Architectural Style: Colonial

@Daniel S.Don't forget that there's a 10% early withdrawal fee (age > 59-1/2) in addition to the taxes.

Becoming an agent has costs to operate Day 1 which includes: additional car insurance (required to drive people around), licensing fees, dues (state and national), fees to operate a Supra key, to be on MARIS (MLS), prepaid legal fees, etc.

We have been living with the house as-is, and a found a number of additional problems with it.  

Additionally, since you are earning a good wage you qualify as accredited investor.  

I'm a SD resident entering the game and buying two SFH's in the KC, MO suburbs and am looking for recommendations on local (San Diego) CPAs that specialize in REI, and specifically have a knowledgeset for investors with holdings outside California.In addition, as someone starting out with their first holdings, any recommendations on things to specifically knock out right off the bat with my new CPA would be much appreciated!

This translates into $204K over the life, in addition to the small down payment.  

Lastly, with foreclosure there may be additional debts on the property.

In the last 13 months I received my license, bought 16 rent houses, flipped two houses with 500+ sq ft additions, and scraped three 1000 sq ft houses and build new 2600 sq ft homes.