Your personal risk tolerance and goals are just that, personal.

I know that I don't have the experience or risk tolerance needed to handle a deal without plenty of cushion.There's always another deal out there - it's just a needle in a haystack around here lately.  

Not sure if they would tolerate the homes being in process of closing~Day 44 Tenants are out of First property.

I guess now I get to join the ranks of the zero tolerance guild.  

I'm relatively young and new to REI--meaning I have a longer timeline and will generally have a higher risk tolerance.

I have a flexible schedule, am a very fast learner, have a good amount of capital to invest, excellent credit, a high risk tolerance, and am willing to get my hands dirty. 

The cash flow is appealing and I have a high tolerance for pain but it's just easier to save up and invest in a market I know well, can manage myself, and the whole provide me with strong appreciation..

Is it good enough that you will be able to tolerate vacation renters above you with your new baby? 

Being local to SoCal might tip the scales ever so slightly that way, but I think your investing profile (how much risk tolerance and how much time you have) will matter more for this decision.

It depends on your goals, your market, and your risk tolerance.