I also fear about looking professional in a suit and tie considering I'm not white like most business people.I want to have a lavish lifestyle and be financially independent by at least age 24.

@Jacob SampsonI think the deciding factors would be determining how much of the $995 is going to building equity and what other factors are in place to offset the negative cash flow.  

Here in Dallas it doesn't really slow things down much, unless it's a family home, where people may not want to move, during the school year.With all that said, there is a reason you have a vacancy factor included in the holding cost of your rental.  

@Aaron Mazzrillo was on a BP Podcast and talks a bit about investing in Southern California and it is a great podcast.Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo | BP Podcast 037@Anderson Schulle, I think there is still plenty of room for investors in Southern California to make money renting - it is a great time to be a landlord.

That's going to be tough for premiums as it takes a ton of factors into account.  

Would it fit in your lifestyle well if you had some local rentals and you would need to go cut the grass and be your own handyman a little.

Lower unit does need appliances because there are none so I can maybe use that as a negotiating factor?  

I also try to know my tenant's life style, I know the teenager plays the stereo loud, so showing after school might not the best time for me.

My name is Lisa Jones and I'm an active duty servicemember aspring to transition into a lifestyle and full time career as a real estate investor. 

Then focus on cash flow and other factors.