After initial acquisition of property its easy at:Excess annual cashflow / initial equity injection So let’s say you guys a property:$100,000 down on a $500,000 property, resulting in a $400,000 loan with the property throwing off $10,000 a year in excess CF after all expenses and mortgage payments.

I ask 3 initial questions: (1) do you meet the minimum income requirement?

If the initial capital outlay is too intensive for you, you could also negotiate and lease with the option to purchase.

Has anyone here had success in financing the initial property purchase and rehab?

To answer your initial question, yes there are opportunities out here but it seems that we have to work and dig a lot more than in the past.

The initial investment with the vacation rental loan was around 20k, plus an additional 10k in revamping/updating. 

Most San Diego purchases are initially cash flow negative.  

@Chris Seveney I found out this morning that we won't be able to do this because the IRS wasn't named in the initial foreclosure complaint.

Just like you, the initial pitch seemed great hence why I joined but the training is not there as I hoped.

On the initial duplex situation, I agree with the idea to do a cash out refi and hire PM for the duplex.