Andrew,The safe recommendation is to set aside approximately 50% of the income to cover vacancies, maintenance/capital expenditures, taxes and insurance, etc.

Except in the case of a single-family residence, keep all common areas of his building, grounds, facilities and appurtenances in a clean, safe and sanitary condition;Would love some input here!

It's always better to be safe than sorry! 

In my opinion, at the end of the day it seems like you have your base income figured out and you are learning how to grow a business which will give you a higher return on investment, so you need a safe place to park your money in a location that has good potential for growth, and given the terms I have stated above, coupled with the fact that CA is always going to be CA and therefore more valuable than some other places around the country, buy and hold in Bakersfield is a good strategy.  

It's always best to be more safe than sorry.

Rutkowski, this is truly helpful and I would put this technique to work.

I've heard others playing it safe and reducing that schedule to 6 months.

Keep safe!

I am finally say enough with the snow and want to move to some where warm and safe for family to reside.I need your recommendation on Real estate at those place and Pro and cons.

Turnkey investing is very dependent on the market the companies are located, level of involvement desired, policies of the companies, pricing, warranties, and whether they have in-house property management.For example, the seasoned turnkey companies realize that their demand is driven by investors looking for a safe, consistent return.