We add in insurance, property management, CapEx, maintenance/repairs, vacancy and any other potential expenses based on the property (refuse, water, etc. fo MF and lawn care/pest control for SFR).

It's a wonderful business, so long as we remember it is a BUSINESS and needs our careful attention and supervision.

IMO, if they are good folks, pay on time, take care of the place - FANTASTIC!

Otherwise, to invest locally I would be very careful and use those things I have mentioned about out of state investments. 

it is a Cotton Wood which is very strong and resilient, however, there is a strong chance that if the construction company will kill the tree if they are not careful.

I tell them "San Diego is an awesome place to invest, if you don't care about cash flow".  

next  Thread will be turning the dog house into a discount air bnb 

One thing I've come to realize is that no matter what paint colors, floor types, sink faucets and so forth a rehabber selects, some people are going to love it and some not care for it at all.Our goal in refurbing a house is to replace everything that needs it.

Until then, take care! 

Hey,My name is Danny I am 19y/o to anyone who cares I really want to get into real estate investing and I've been looking at properties on homepath and really want to flip one so I can rent it out.