At Portland's average rent it would take about two years to collect enough extra rent to cover the fee.The felon thing is dumb too.

@Michael ForbesIf you are not aware yet, a Roth IRA can be invested in real estate and may be a good way to continue to grow your Roth IRA tax-free funds.The rules require Roth IRA assets to be distributed in the following order: regular contributions, conversions and retirement plan rollovers, and earnings (IRC Sec. 408A(d)(4) and Treas.

You'll earn a commission on what you close.

In return they would ask me….”Well what if I did this to the house and that to the house (spending thousands of dollars in extra’s to the house), how much could I get in rent then”, and it never ceased to amaze me, how they looked at me when I told them that they would still get $750.00 a month.

You also may have to file a CA nonresident income tax return and pay taxes on the income earned from CA sources (i.e. real estate located in the state of California). 

What about apathy & too busy, taking an extra month to turn a unit? 

I'd never work with a borrower seeking 100% financing though.Or another situation I've seen is that the borrower has enough cash to close and has a private lender to cover rehab, but the HML needs to see extra liquidity in the bank and doesn't accept secondary financing. 

If you believe you will need cash soon enough, then you want to put as little as possible, so that you can do more purchases to start building up your portfolio.If you believe you won't need the cash for the near future ... then put down 20% and avoid extra expenses ... such as PMI ... etc.My very first rentals, I bought them in class A, pure appreciation play, put 20% down.

Are you flipping to earn capital to put towards more buy & hold or for other reasons? 

Having 10 properties paid off should net me over $150K per year, I have no issues throwing an extra $1-2k here and there to get there, I am in it for retirement not income.