So realize, I suspect it will be a long time before you achieve positive cash flow in Carlsbad. 

If you are trying to achieve financial independence and create generational wealth, the more leverage you have, the better (in my opinion of course).

Okay so if possible if someone could explain this to me Barney style.

Not over interested in actually doing the work it just wondering if it makes sense to use those hours to achieve REP and reduce my W2 stuff.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $93,000

Property has appraised for $258,000. Currently trying to execute a buy and hold but will fall back on a fix-and...

A plain-Jane, 20 year old property that is cute and nice but nothing spectacular will get you the lower end of those numbers, whereas a brand new 4 bed with a pool will get you on the higher end.The net will be dependent on you and can vary from person to person so that’s hard to project based on loan type, management style, etc.

Once you understand your goals, you need to pick the best strategy that helps you with those goals.Once you have the strategy and goals, you can then pick a market that helps you achieve those goals and implement the strategy the best you can!

Also, one of the homes I was using as a comp was excellent (same style, general floor plan, age, sq. footage) but it had a pool in the backyard.

You can achieve this through REI by using the formula ROI=(Current Value of the Investment-Cost of Investment)/Cost of Investment).

This is a great life style purchase but this is also an investment as that is what I actually do.