The “Big deals” are…You have to buy something you don’t already own, not pay off debt, renovate a home you own, or build on land you already own.You have to spend all the “cash” you receive.You have spend more than your net selling price.You can never receive or have control of the cash, you need a QI PRIOR to selling. 

They are spending a lot of money to build the servicing business, primarily on hiring new people it seems like.

If you are looking for property in San Diego that is going to have good initial cash flow, you are going to either have to identify an obscure value add or expect to spend a lot of time and effort to find good off market purchase (most off market offers are not great). 

They aren't spending their own money, so they are less likely to take care of the rental or follow rules.

The airport had the buildings (from when federal gov turned the land over to the Airport Authority after WW2.) and allowed the current "owner" to spend a few $M improving the buildings.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

However again if your bound and determined to buy the physical assset then you need to buy quality not C class.. you will NOT get consistent cash flow like you are thinking your will. you will have tenants stop paying you will then get NO rent for 2 to 6 months as you evict and then spend thousands rehabbing the house they just trashed..

I have one for FTW but I want one for Memphos and Houston, the places I spend the most time for business.I dont have a trsted CPA / Atty for this but I also havent asked them. 

I'd spend maybe ~$60k of that money.

I took a few years out of work to take care and spend time with a family member whp passed, so I have only been working for a year now.