Just to stay on topic with the OP, my check might be net profit or just net sales - depends on whose doing the bookkeeping I guess.And, I don't care what they say down at city hall, I'll bet a crisp Ben Franklin that your CalPers will get cut before Prop 13 gets axed.Sorry to hijack, but holding Riverside up as a desirable place to live is horrible disinformation.

Or worse, in the last decade we've seen a lot of horrible aborted rehabs that left the property worse than when they found it.  

Horrible for the locals looking for decent leases in good areas. 

This is horrible advice.  120 volts can kill you. 

Even if market conditions go horrible and we have to let the property go, we'll lose nothing.

Social agencies are stretched horribly.

@Shiloh LundahlThat’s horrible advice in my opinion.

It’s also done horribly since 2010).This difference is the reason i skew to RE almost 10 to 1 in my own portfolio.

Our 25 unit complex is currently being horribly managed and we are generating $2-3k/month on it despite it being paid off.

Horrible situation.