Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

By the way, how much does this cost?

Does your end buyer often cover the closing costs and attorney's fee or is this something you take out of your profit on the deal?

This is a much more effective approach to finding below-market deals, especially as a new investor.Good luck Shenell!

I’m in Florida, but know enough to tell you that California is cost prohibitive, so yes it is a tough market.  

I underestimated the roof cost and the pool repair.

The cost varies from place to place but I've seen anywhere between $50-100/month, and it’s a solid investment to keep your personal home address private.Second, consider having your lawyer act as your registered agent.

A lot of people are moving out of California because of the pandemic, lack of economic support, and high taxes/cost of living. 

The cost and time to move (even a few doors down) is not trivial.  

In addition, get GRANULAR on which expenses/costs are tenant responsibility vs which stay with you.