Quote from @Bob Asad: So I read that you can keep the last month's rent in your own account because it doesn't need to be separated; however, security deposits cannot be mingled with the landlord's other accounts or business funds.If that's the case (in Florida), does anyone know if you have 2 SFH, then do you need two separate savings accounts for each tenant's security deposit or can you combine them?

The purchase to cash flow ratio is much higher than majority of the states in the US but again not the only states.If you need any help or want to talk more REI feel free to reach out I have done a ton of business in both states and can walk you through pretty much anything.

I'd like to meet the property management company and the business people(cleaning and handyman related) so I could paint a better picutre.Thank you for the info.

California needs businesses to start putting a lot of pressure on it.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

A few clients or properties can suck up all of our time and attention and ultimately, prevent us from taking on more business. 

Not sure about MTRs.My general conclusion was that it is tough to do business in the town if your goal is to buy property as pure rentals out the gates and no intention to occupy.

Tenants file bankruptcy, go out of business, stop paying, but stay. 

Trusted by 50+ businesses across [region/industry]."

rates are high, prices are high, good PMs and contractors are booked up and busy, and it's very tough to find good deals.