However, in the past two years with rates going up and the housing prices climbing in our area, even if we do the same process with buying a home, fixing up the basement, renting, etc we'd be a lot closer to just breaking even come a few years time, if that. 

There are days even weeks that no work gets done.

Have a great summer and I look forward to meeting new people, developing mutually beneficial relationships, and maybe even new friends along the way.  

Many times these lower offers with patience are accepted while other buyers pass over the properties and fail to even write the lower offer. 3.

I’m being advised to put 20% down and afterwards I’d basically be breaking even with all the units tenanted. 

I'm looking for ready to assemble (RTA) that do not have any particle board or OSB.Found RTACabinets.com which seems interesting but I'd like to look at some in person if possible, maybe even LA County.Current quote from HD (Home Depot) for their ready made in inventory cabinets is $2600, those are particle board low grade cabinets.I'm going to bet Kevin Fox replies in this thread.

CA is the closest thing I have found on planet Earth as Landlord "unfriendly state" and EVEN THEN there is part's of Ca VERY landlord friendly.     

Even if you were to BRRRR something, its a great way to stretch your dollar while still maximizing leverage and cash flow.

A lot of new/updated electrical was required, but we chose to have all new electrical because so much was necessary and there would never be easier access.So I have new plumbing and new electrical, but have never been further over budget on any of our rehabs (not even close to this over budget on anything previous) and we have done quite a few rehabs (enough that I never expected to be this over budget).  

Anything lower than 6 would be an indicator for higher-than-normal home price appreciation in the next 6-12 months.This is why even as interest rates increased at the fastest rate in 40+ years in 2023 and have stayed at that level, home prices have continued to appreciate.The media has been calling for a real estate crash for a while now and it hasn't happened and most people can't figure out why.