In my area rents are 1250 for 3bd/2bth, which was acceptable when homes were 350K, but with homes now at 100k those rents will be 1.25 % of market value and with homes expected to drop (and in some cases already have) to 80K current rents would be 1.5 %.

What about maintenance, vacancy, utilities not paid by tenant (sewer + water), administrative expenses, etc?

They drop and drag heavy objects over ceramic and vinyl.

Currently I am focused on wholesaling and building up a buyers list.Just wanted to post and meet as many like minded individuals in the area, so drop a line.

I checked the dishwasher and ended with water all over the floor.

Expenses: Ins $700, Taxes $1700, Water runs about $40 a month.

LA still feels slow to drop as compared to OC and the Inland Empire.

Jump in, the water's fine.

it is very simple and you should have this imbedded in your headstart simple then you can get mroe complicatedRent - Mortgage - Taxes - Insurnace - Maintenace - Water - Utilties paid by you - management (pay yourself your time is worth something) - vacacies.

You can't save everyone and it makes little sense to waste time bailing the water out when the ship is going to sink no matter what...