Just wearing a REALTOR pin on your lapel is not a guarantee of your morals.A comm broker will get nailed for the same things as a resi broker by the REA (usually mis-handling of money.)

You hit the nail on the head with getting caught up in the details.

They nailed 2x4s to give it more support.

Murdock pretty much nailed it...

If 5 year fixed loan moves to variable for years 6 to 10 try to get a CAP on it where if in the 3's or 4's now it caps out at 6.0 max.

Learned fast, made adjustments, and nailed my next deal very fast.

I was going to respond to this, but @Joseph Cacciapaglia nailed your options.

@Lewis Fisk@Matt Alvino nailed it pretty well with the description. 

Depending on the specifics of the property, it could go substantially higher - especially if you have a meaningful water view.You'll have to drill down deeper to really nail that number down, but this will get you close.

i do only buy and hold. strategies in sac are unfortunately mostly limited to equity creation with the hope of breaking even or maybe generating low yield on cash. 2 years ago you could get 7 cap on duplexes, same duplexes now are about 4 or 5 cap. too much money in california - a lot of that money is also spilling to other states now