I would argue you might find it hard to get a San Mateo home at $800K though, for what it's worth Zillow has the average at $990K which feels more appropriate to what I've seen them sell for. 

Some of our lending partners can finance up to 16 properties per borrower (credit score).It can be argued that paying off your properties may not be the best strategy to maximize your cash-flow, among other benefits.Last but not least, do NOT accept "no income" as an option. 

This isn't to say we don't have any "bad" neighborhoods - but I would argue a C in salt lake county (even west side) is some level of A or A+/- in a lot of other markets.  

More mistakes may be made but they are eager to correct them instead of arguing with you.

@Alyssa Kruger, if your situation is like mine (sounds similar) I'd argue against wholesaling.

So if renta due on the first you send out letters with amount due on the 15th (giving them 2 weeks) , take the manager out of the equatiom completely.But if they are actually collecting then maybe implement a little bonus incentiveAlso for late fees just have it be a one time ding , otherwise youll spend more time adding days and arguing with tenants about when the checks were post marked and itll just be a huge headacheAlso never take cash.

Get ahold of Joe at ABC Rental Management, he can give you an idea what rent should be, and is a great property manager,  he is managing 10 of mine right now, you may be surprised how high rent is

I would also argue that a good economy results in lower crime and increased immigration (you need workers).

A few great books worth the read:  Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make It BigLindahl, DavidThe ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors (Paperback))McElroy, KenRich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate LeverageMichael A.

Think ABC - Always Be Closing ....