Very unlikely to produce positive cash flow.If you're putting zero cash into the deal, its hard to justify getting a very big "slice of the pie".  

Im not Pre Approved yet just waiting to file this years taxes since i need 2 years of income proof (this is my second year).

I've heard people say that they didn't take profits or draw a salary for a very long time.Also with a partner, one of us thought it best to equally put money into an account to pay for start up costs: company filing, marketing, memberships etc. but the other thinks it's best to each pay for different items until we make that first deal, then open an account.

Thankfully I was able to convince the buyer to transfer his file to a local mortgage company that was able to get the loan commitment taken care of in 1 week and somehow we made it to closing after dealing with an irate listing agent and horrible experience with US Bank.  

I tend to invest more in South Abilene and many in Wylie ISD but have seen investments produce good cash flow all over Abilene. 

Two thoughts --  in DC you have to give 30 day notice prior to filing for eviction unless the lease specifically states that the tenant is waiving notice. 

@Jd Martin@Peter Dascoulias II@Brent CoombsLooks like most folks claim to be both. while not diluting the the thread, landlording here was meant to be an active job..another j-o-b just like flipping which produces as long as you remain active at it......no work, no pay kind of vocation.Thanks again for sharing your thoughts on this.

This is similar to, but not the same as, the yield of beans in China, since China is the most populated nation on earth and the yield is much higher, (which is due to the poor air quality in China and why bean consumption is regulated) with the yield or output being much more concentrated over time.And, why hard money lenders usually don't chase tax liens in Texas, nor do they develop lists for investors to purchase with their funds as they rely more on the security interests in a property rather than a UCC filing.   

How did it go, how many deals have the mailers produced you so far?

They had paid the proper sales tax and had no idea they had to pay income tax as well.The short answer to your question, @Coleen Mathis, is that California has no idea what your profit is, but isn't willing to take a chance that you'll intentionally or unintentionally forget to file a California non resident return (like the clients I mentioned above).