I have a decent deal under contract that doesn't meet my criteria for a landlord hold. However, it is an excellent deal for a flip. My concern is the insurance premium that would prevent a retail buyer from purchasing...

I probably spend in excess of 30k a year in accounting maybe close to 40k. its simply a business expense and I leave that to the professionals...

@Alecia Loveless According to the tax records online for my property it appears this hasn't been reassessed in 10+ years (which seems a bit excessive).

But yes, if you have savings in excess of an adequate emergency fund you should start investing.

I have seen/been a party too a number of investors scaling to these levels, it can be done but there are some similiarties i see....even on the rehab side, same product in everything - paint code, flooring, cheap granite (excess bought at discount and stored for tenant turnover)..... etc. 

IMO, that is a small price to pay in order to double or triple my investments (plus, the extra cash flow per month beats the big fat goose egg I got every month from my Vanguard Roth IRA and brokerage account). 

I just wanted to share one of my favorite quotes by Brandon Turner: “So often people think the key to success is superb intelligence, unnatural luck, excessive time to devote to big tasks, or knowing the right people at the right time.

I'm not going to allow you to exclude any other agent from bringing me a deal.I'm absolutely happy to pay you a commission for the deals YOU find and subsequently negotiate for me.I absolutely think the 60 day notice & one year auto-renew is excessive.

To me, I can understand paying the state tax in the state where I have the rental property, but paying a CA state tax's seems excessive.

While the rent was low, the building was the definition of deferred maintenance which I would soon discover in a utility bill from Georgia Power in excess of my monthly rent.