We want to pick the best borrower, with the best FICO score so we can get you the best rate possible.I would love to jump on a call to see how my team and I may assist you!

Mark,Jordan is correct in his analysis but the problem lies in managing not to get thrown out of the seller's living room when you offer him $97,200 for his park. 

Likely your first step will be hiring a virtual assistant to take care of simple tasks that you might not need to be doing yourself.Also, if your goal is to become a full time investor, what is stopping you?

I am also sure there are some other people on BP that can help with more out-of-state investing.This is all VERY GENERAL information and will vary depending on where you live.

I live in Redlands and invest primarily in San Bernardino.

Why are you calculating the monthly rent from the ADU if you will live in it for your own use? 

I have 12-doors in Detroit but live in California. 

Are any of the existing tenants utilizing Section-8 vouchers, rental assistance, or social/ placement programs of any kind?

I actually had to get enough units where I could offer tenants multiple housing options when I purchased properties rented at way under market rates and then (an embarassing number of times) personally watch tenants that would "suffer" from a rent increase turn down smaller (but nicer places) or  nicer places in a less prestigious zip code (sometimes only minutes away) before I realized that I was hampering my ability to earn a living in order to subsidize the lifestyle choices made by a some random stranger that happened to live in a property I bought.

Hi Erin - solid rental area (I live in a neighboring town).