My take is that when it comes to flashy boss-free careers such as investing (on a smaller scale) there will be loads of people/gamblers who have interest in either trying it out our doing it full time.

Over 2478 sq ft.Market Value/ARV/Zestimate (low end): $58,000Asking Price: $35,000Total Rental Income / m : $1236FinancingDown Pmt (20%): $7,000Via 90% LTV HELOC (If I can get one, don't know if offered anymore)Mortgage: $28,000Mortgage Pmt / m: $129.67Closing Costs @ 4% of Asking Price: $1,400Via 90% LTV HELOC (If I can get one, don't know if offered anymore)Monthly Expense Estimates (Other than mortgage)Property Management @ 10% of total rent: $123.60Vacancy @ 10% of total rent: $123.60Property Tax: $100Insurance @ 10% of total rent: $123.60HELOC Interest Only PMT @ 5%: $35 Monthly Cash Flow After All Expenses: $600.53Total Y1 Cash Flow: $7,206.33Paying off the HELOC:After 12 months, and basic improvements, get the house to an ARV of $58,000 (This was the Zestimate for the property on the low end of the scale).

s, it's a fairly upscale house and yes, in this national market, that is a considerable degree of "speculation" (read: gambling).Unless you know it's a hot up-scale area, I'd opt for something more mainstream which caters to a much larger potential market.

This gives you economies of scale in a specific area and can increase your yield on the properties.

The idea is to scale my number of passive income assets rather than to get the best possible cash flow per asset.The majority view seems to be that CA does not offer many opportunities for cash flow unless you spend a lot of time locating such properties and putting in the sweat equity to make distressed/C Class properties cash flow.Here are some details about my current (rough) buy-and-hold strategy:1. 

I currently part own \ fully operate a 6-unit multifamily in Baltimore City and am reaaallly looking to pick up steam in the investment\management industry in the area.I'm also currently constructing a Podio system to support my businesses as they scale up.

That time has passed and at this point, basic cash-flow and returns are no longer reasonable for small scale investors.I will not deny the ability of others to find the occasional diamonds, but you cannot consistently invest in that area with success here.

Do you use or know of a product that someone has developed on a small scale?  

I have not done a project of this scale however I've done a lot of research into it to remove yourself from the tenant management process

Looking to build a little more experience managing larger properties before we scale up and grow with 3rd party management.