General assumptions I am making thus far include (assume duplex on deal below though per unit figures provided to generalize how I'm analyzing anything in the 2-4 unit range):Financing:-3.5% - 10% downpayment (depending on total capitalization), 4.65% interest rate o/ 30 year term-1.75% upfront PMI required, with 0.8%/year amortized into loan payments for ongoing PMI-3% plug for closing costs-2% of loan amount for financing fees-8% vacancy/collection loss-$450/unit/year insurance-7.5% Mgmt Fee on gross potential income-$500/unit/year for R&M-$300/unit/year for capital reserves-All utilities pass through to tenant-$30/month for landscaping-$40/month for pest controlAs mentioned, my cash flow after debt service on nearly all deals I look at (after adjusting the brokers' 20% expense ratio up to the 40-45% I am comfortable with) turns out negative or nearly $0/month, making me question whether the selling prices are absurdly high right now, whether my assumptions are far too conservative, or whether levering a deal to 90-96.5% (utilizing FHA 3.5% or anything up to 10% down) prevents anything from working due to the high monthly cost of financing which includes PMI.

Your agent is correct.We will be in a feeding frenzy fighting for your listing for at least 2 months non stop telling you how great we are all day and all night.Too many agents chasing too little properties making it necessary to call the fresh meat until you grow rotten over a long time.Only way to prevent it is to sell the property now or keep it on the market for an indefinite period which eventually will hurt the future price if you do decide to sell later.Sorry for the trouble.

It's not habitable and needs money to replace the roof, install furnace, and other things before the cold air moves in.

3) Make changes to prevent the root cause of the problem (better instructions, guidelines that are more precise, more training, change the procedure completely). 4) Measure to see if there is improvement with regard to the original "problem".

The newer one has central air.

However, fair housing laws as interpreted by the California courts make the process a little more complicated.Fair Housing FoulThe Unruh Civil Rights Act and the California Fair Employment and Housing Act prevent landlords from discriminating between would-be tenants on the grounds of their sex, race, color, religion, sexual orientation, marital status, ancestry, national origin, source of income, disability or medical condition.

I left a little over 18 years ago to join the world's greatest Air Force.

And in the particular case would love to hear some ideas how I can prevent conflict and keep us both on the same team.  

Obviously a lot up in the air with the new Trump presidency coming up, but we plan on holding these properties.

It needs at least 75K of NON cosmetic work done just to prevent it from wasting away.