Hey @Bryan Wilson I think this is a good discussion, and one that is definitely beneficial to new investors who ask me this question pretty regularly. 

Their employees perform a variety of functions, including water quality and law enforcement, fire suppression, harvest regulation, and even timber industry promotion.

feel stupid here but I cannot even find the Pros Files area. unless it's just the regular Files area. 

I'm a bit of a broken record trying to get some of my investors (and regular buyers) to look at homes with a basement apartment or carriage house.

In my line of work we look for things that will need to be replaced in business or property regularly so I was curious on how you viewed that expense.

I do have to say they probably gave me a much harder time on the inspections than regular GC's would have had.    

MANY sellers (I know this from personal experience) are pricing their property just below market value, promote an open house and spur a bidding war. 

Track all of the expenses and income that you are responsible for in some sort of report that you can review regularly with people you trust and try to reduce expenses and increase income.  

I have to admit that I was expecting to see that you disclosed your company promotion at the end of your letter.I do think that California is at a peak in a seller's market but it's hard to tell how long it will last and what will be it's length of time.  

My aspirations in real estate is to promote a comfortable steady income where I'll be able to replace my "JOB" in having more time to enjoy and do more things with my family more consistently.