Who knows, maybe 2015/2016 will be horrible years for investing ;) Best of luck on this one, @Duncan Taylor!

From your numbers, this is a horrible return for a rental.

I've passed on several peeps because of a horrible inspection.

Lots of times people don't fully understand the tax code and they have nightmarish ideas of the tax man as that guy from The Texas Chainsaw Massacre showing up to chop off an arm and a leg to collect as taxes when it's really not such a horrible thing.

Right now, I really don't have much capital and my debt to income ratio is horrible-which would make applying for and obtaining home loans next to impossible.

None of the rules are dealbreakers by any means, and the areas aren't horribly bad, but curious your drive for that county specifically.I have a property there myself, and others around other counties in Atlanta.

Cap rates in Santa Cruz and the surrounding Bay Area in general are horrible.

Some properties have great numbers in horrible areas that lead to high turnover, lower quality tenants, and other areas.

You can take the worst house on a good to best block with horrible tenants and still have a great investment.

People don't want to live in a place that looks horrible, and I don't want them to see anything horrible.