If/when you do move, renting your vacated unit will provide even more cashflow.

Remember, I sent a signed and amended the agreement on November 28th, sent it to them for signature, received confirmation of their receipt, wired funds, requested multiple times they send me the fully executed agreement, never received a fully executed copy back from them and finally was questioned by them yesterday as to why I altered the agreement (meaning there was no meeting of the minds since it's therefore proven that they didn't even look at it).I have rescinded my offer to enter into a contract with Estate Legal for lead generation services and am now seeking a full refund, including my cost of wiring the funds. 

Each deal comes with a different set of surprises even for the most experienced operators.Take your time and don't rush it. 

It’s a great reminder to trust your own due diligence and not let others make critical decisions for you, like hiring a property manager.For future investments, building a trusted team and maintaining direct oversight is key, even with remote deals.

So, even if he doesn't ever do another deal...he is still up $10,000!

I live in Sacramento, and have noticed that people are offering either equal or above asking price even for homes that sometimes need 80-100k in repairs and I can't see how they would even make a profit doing that.

You got a screaming bargain that was so good that no one else wanted it from the provider side, even for free.

But the competition is high so cash flow or even break even can be an unphill battle unless you're willing to put money into the property.

Even without those challenges you had, it was still probably hard to find a buyer because of the use mix.  

.: Thanks, Dan, but that's not helpful since it (a) involved a car, not an investment property, and (b) wasn't even used.The advice from almost every investor is to protect your investments with an LLC or umbrella insurance.