I'll bet @paulsandhu will have a take, but I was just thinking back as I was answering another post and had to chuckle....So what are some oddities you've seen in houses that you've bought to flip or rent?

Thank you for sharing your story and wishing you the bets of luck. 

We started a shared bank account and are on our way to setting up Wave as our book keeping software of choice.

@Caleb Stevens unless you need some serious deep cleaning on really expensive carpets then your best bet is to rent one at home depot for a fraction of the price.

I think 3-4 days is the max I've had for vacancy that was the by choice so I could address a few things.

We have been trying to learn everything we can but we certainly don't want to make uneducated and poor investment choices. 

We are beginning to see a bit of a slow down with buyers in San Diego, this could be a great time to get back in the market depending on your goals and neighborhood of choice. 

@Javaughn HarknessExcellent choice.

We have 2 loan scenarios: FHA with 3% interest rate and 3.5%($17,000) down BUT we have to claim $150k of income on our tax returns for 2 years and pay IRS 70K (2 years worth) total in taxes because we are self employed. 2nd scenario: private lender offering 4.5% interest rate with 5% ($27,000) down 8 year interest only loan converting to fixed thereafterwhats the wise choice?

I bet that's an awesome assignment up there!