If you do flooring I recommend getting the rolling knee pads from Harbor Freight for $20.

While the overall annual rent roll right now is low $58k, I would imagine you could easily increase NOI by 50% or more over a period of 3-5 years if you were diligent about turning over the units.

Although he has agreed to pay me $5000 in pet rent and new manager's fees  (as well as lawyer consult)  he will not pay until I sign a 'cease and desist statement and a promise not to sue him , his company or employees. 

Last rent roll for 2017 was $161450 actual and expenses were $50,700 actual.

If you lack the equity you need you can explore rolling options, first rights of refusal and things you can do contractually. 

If you are looking to gain/spread net rental income, $300-$500 per property across multiple properties, then out of state is the way to roll as the cost to acquire vs. market rents in CA typically do not pencil out.  

@Rosemarie Farnum I would encourage you to dig into the tenants and financials........get a rent roll, review the leases and bank statements to find all the incoming payments recorded.

Take it as momentum and start rolling.   

There are a few locations (Scottsdale) that have rolled out their own regulations over the last few years but generally it's pretty landlord-friendly in the 48th State.Feel free to DM me if you have further questions: I operate my own AirBnB unit as well as being an agent here in town.

It’ll also match your current term, so you can pay it off at renewal, or roll it into the first mortgage.