It sounds like you may have a reason for citing that number, I'd recommend that you work on articulating what the real underlying reason is.I have found that entry level housing, the type that attracts families that are moving up from apartments, leads to great long term tenants.

I strongly believe that we can charge more (looking into other similar types of rural event businesses).Booked solid every weekend for 9-10 months out of the year for events and is currently showing bookings through 2025.

Keeping some type of emergency fund is important to have a buffer.

They are not horrible tenants I don't mind them at all, they have been there about 2.5 years.I am not the type of landlord to stay out of this because I truly care about the damage and frustration this is causing for my other tenant. 

And almost everyone loves hardwoods vs other flooring types.

Perhaps it is not a deal with great cash flow, but you are breaking even and you know that the property you are buying is going to appreciate because the market is on fire, and with that type of growth, rents will go up in the future. 

I know that California is a Deed of Trust state so I am looking for information on how I can go about marketing (I was thinking about knocking on doors first), speaking with these type of sellers and the acquisition part overall.So a couple questions that I have are..What's the difference between Notice of Default and Notice of Trustee sale?

@dan_redmond so you speak from experience, you have ventured into this type of method?

For this reason, we are starting to conduct in person meetings with landlords to get this type of feedback, but there has not been much turnaround yet.

Anyone who was qualified and could do it was already booked out by 2 years + and everyone else said they couldn’t handle that type of work.