Looking at this property in Riverside and here is my analysis. 8377 Cypress Av Riverside 92503Lets say I purchase 400,000 The actual rent on it right now is: 550 + 1100 + 750 = 2400Expenses (monthly)Repairs: 50Taxes 366Insurance: 100CapEX: 100Total Expenses: 616Loan20% down, 320000 loan30years @ 4.3% Mortgage: 1139Cashflow: 2400 - 1139 - 616 = 200 monthly Cashflow ROI: 2.61%Just looking for some feedback on this calculation, it looks like it isn't that great of a deal since ROI is only 2.6% but it does cashflow, so it can't be too bad. 

While taking the house itself I had mentioned to you that to get the carpet changed in the living room as its worn-out and when I took the house carpet and deodorization was in bad shape.

It's not a bad plan, but you should be able to buy one in a park for closer to 15-20.

Hello everyone,I'm starting out from Santa Barbara, CA, though I'm likely to move down to Los Angeles proper (bad news for cashflow investing!)

Not really that bad at all, unless the market tanks hardcore.

If there is no code enforcement it will die in the winter and just look bad until then. 

 I heard from biggerpockets and other speakers that vacant houses are good to target for a better return.Someone in my neighbourhood,MD,left their house and it is vacant now.The people living next door told me they might have left for good for financial reasons.I realy want to buy the house.What are the possibilities and what can i do?

Too, bad.

No deal is better than a bad deal.  

Reserves are money set aside for when bad things happen to your property, like a tenant trashing it, the furnace goes out.