I'll keep looking at other deals.

i want to keep the group small. not like industry scale crowdfunding.if I can find a property which has okay cashflow (which is hard anyways). and can collect around 10/20 people who wants to invest some cash each.I build a company to own the property and give each person a share. and give yearly dividend to each, until sold.

If you push back and price compare you can always keep them honest.

@Jung-Jin Shim, a few things to keep in mind. 1.

No real lesson with this one just keep things simple.

I would keep it as a 1/1 downstairs.

For me, though I would take this as a learning experience and work to remediate the issues and try to keep this tenant.

Lastly, California is very over priced in most cases so keep in mind buying out of state is not hard and can save you a ton of money. 

Purchase price: $287,000 Cash invested: $100,000 Our newly remodeled 4BR / 2BA mountain villa features all new furniture, 3 King beds and 1 Queen Bed, and plenty of parking for at least 4 vehicles.

Keep going up.