I live in Sacramento, and have noticed that people are offering either equal or above asking price even for homes that sometimes need 80-100k in repairs and I can't see how they would even make a profit doing that.

Without know more specifics, I'd suggest selling what you have now and investing in properties closer to where you live (and pursue 1031 exchanges).

If I live a busy life and don't have the time or care to invest on my own, but want to put, lets say $200k to work, is a 15% cash flow return reasonable? 

Los Angeles County continues to grapple with devastating wildfires that have claimed five lives, destroyed over 2,000 structures and forced the evacuation of at least 130,000 residents.

Quote from @Derek Farmer: Hello all,I am 25 years old living in Indianapolis Indiana. 

Hi, I ordered two ADUs from TINI Living (they're in Spain). 

Our plan is to live in one side and update the other side before renting out again.

I am 24 y/o and live in Fairfield County, CT looking to buy my first property...likely house hacking a multi-family.

I have not lived in the property two years and feel that any profit I may make on a sale would get chewed up by closing costs and capital gains. 

HiI am real estate investor and Realtor living in Naperville, IL.