Also, especially with any friends / family borrowing, making good on the original agreement builds trust / confidence / reputation / etc.

and feel confident enough to start wholesaling.

While you did not mention how many bedrooms or baths each unit is, so I cannot properly speak to the approximate rent, I am confident that it would not be near as high as 3500 a month.

It is hard to judge how properties did in the last downturn because of too many variables to include owners living pay check to pay check with no reserves, paying 40% commissions vs self managing, location, quality, etc...

Listed today for $2000 and I'm getting lots of interest and I'm very confident it will rent fast.

Right now I feel that I need help with analyzing properties and also setting and feeling confident in the criteria I set.

Hello Greater San Diego BP Community,I am thinking of having a local San Diego County Residential (1-4 unit) Landlords get together for those of us who self manage locally. 

If you are confident you can find and flip a property with a decent return then I would use the cash for that.  

I'm self employed, I lost big in 2008/2009 so no conventional banking will work, I've been trying for months. 

It’s not terrible advise if you read into what I meant .Im just telling the fella where the money is all going .hard to save for that next investment when your giving your profit out to everybody and their brother  wouldn’t you agree .I understand your point ,there’s a scale to the management but if you are just getting into RE sometimes self management helps you bring in more cash flow therefore allowing you to add to your portfolio .