My plan will be to flip this one as well as a commercial deal, once new tenants are in at market rents, estimated valuation is around $620,000 on a worst case scenario, with pro forma rents being lowest for that area.

In the same situation but in a worst place.

Here's our standard advice post to owners:In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

That is the worst type of vacancy…where they don’t leave.

Learn from the past to avoid repeating the same mistake, but look forward to the future. 

I like using the DSCR because it is a worst case scenario metric for me.

That number is a mistake..

It's California and this can go south really fast if you don't know what you're doing and make a little mistake.

I made the mistake of assuming that a move out inspection was not required in CA unless a tenant requests it.

How much is it worth after renos (assuming worst case for renos)?