You going to manage yourself 10%, screen the tenants (between 1/2 and 1 month of rent for placement) fix the plumbing (hot water heater goes out $800), toilet clogs $150.

My interest in Lompoc has kind of cooled down.

New Hot water heater.

@John Knisely @Ram V.Right now, after setting aside estimated cap ex & maintenance, escrow, water/sewer, public lighting, etc. it will cash-flow around $600/ month. 

New Hot water heater.

As well as added a shed to protect water heater instead of leaving water heaters in master closet.

I learned not to turn the water on without your contractor or plumber on hand!!

The jobs growth, outside (foreign and domestic) investment, and ambitious new Big Picture plan (including some really cool live-work-play focused ideas) are all GREAT indicators.

For example - You acquire a NPN note in $60K while the UPB is $120K.If you insure per UPB, does it matter if the house BPO is under or above water (meaning, per the example, if the BPO is $100K or $150K)?

The other issue with the septic systems was that the leach fields were dry after the inspector flowed water to them.