I realize this is recently renovated, but over time it all evens out.Management will likely be 10-12%.Garbage should be paid by the tenant.My one major worry would be your estimated rent.

Yea I've quickly realized that.

Quality PM's would realize it's a long term relationship.  

Likely to Revise 2020 Forecast Downward, But Not Dramatically: The situation remains fluid, and conditions could deteriorate beyond what is currently envisioned depending on the severity and duration of the outbreak, but if current economic forecasts of modest declines in GDP growth are realized, the effects of lower rates should help to offset the effects of a slower economy and increased economic uncertainty such that California would still achieve a modest improvement in both home sales and prices this year.

I realize the value of partnering when I got into bigger deals.

To give a little context, I’ve started doing property analysis but have come to realize I’m pretty clueless about how to calculate how much an investor (or hard money lender?)

You panic and sell, then you have a realized gain or loss.

I get calls regularly from investors who have done exactly what you did and have come to realize that those high cash flow markets are anything but passive and the capex and turnover costs have killed them over the course of a few years.

When I was in my late 30's I started to get serious and bought about every guru course out there, until I realized that's all I was doing was courses and no actual investing!

If you're interested you'll do what's convenient, if you're committed you'll do whatever it takes - John AsarafMost folks are interested in real estate but very few commit once they realize there is actual work involved.