Also, get at least 10% down from the end buyer which basically pays you back your initial money.

Basically, you are not using your money and leverage to your full potential thus raising your opportunity costs of not acquiring more properties. 2 properties cashing flowing at 250 a month each is better than 1 cash flowing at 300 a month.

Fortunately, I don't work full-time because I receive veteran education benefits that cover the basic costs of living.

Basically, since it can take years to foreclose, you're not allowed to be in default and still collect rent.

assessed value is always significantly lower than market value..also with prop 13 maybe its on sales price.. but same thing.. out here its not like other states were its just a % of what yo paid for it or what the assessor assess fair market value basically annually .. like you see what happens in Texas when things change hands. 

I use Arcanca (basically Lloyd's of London). 

Her limit is 90 min train ride from GC which basically puts us at Fairfield Metro as the max.  

@Kevin McGuireAnother great book on this subject is Basic Economics by Thomas Sowell

I say “fairly” because my wife and I were landlords for 10 years, but it was basically renting out our first starter home.

I started with a property management company that basically took all the profits and mismanaged the property.