No maintenance/cap ex, vacancy, PM, book keeping, asset protection, miscellaneous, etc.his actual cash flow when properly allocating for sustained expenses is a fraction of his advertised cash flow.  

But they'd rather spend their time finding more syndications then worry about current investors. 

Quote from @Alyssa Dinson: Hi everyone, I live in California and have been meeting a lot of investors who prefer to invest out of state due to California being so expensive as well as the aggressive tenant protection laws we have here.

You indeed have to spend that much money.

That’s why the successful wholesalers and flippers I know spend $10,000 and more MONTHLY on marketing.  2.

Under this rule, if you spend at least 100 hours on the property and no one else exceeds your time spent, you can qualify as materially participating.

Short term tenants are not protected by the the eviction ban.  

Could be the best money you spend on the deal!

we're trying to protect you and your family - hence the 'suspicion' =)

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.