But the rehab Opendoor did was terrible. 

At that point, if you have huge capital gains on the actual transaction, all of those accumulated passive losses will then be deductible all in the year of the sale and may offset your tax position quite nicely.It's all in the math, obviously, but this does not seem like a terrible situation to be in.

.$2000 on a $1550 mortgage isn't terrible, if you can manage the property yourself.

It's a TERRIBLE idea.

You will deal with many terrible contractors and speed bumps that will most likely take up all your time and you are left living deal to deal to create steady income.

The prices by the coast (that's where we were looking) were almost as high as California and the roads are worse than terrible.

I am hoping that I will be getting around 3.5%CAP rates to the least, which is not that great but not terrible either, considering that I can take my family and friends down for Vacation when I need to escape the cold!

Those are terrible returns from a rental perspective only.Disadvantages* Less direct control over your property and investment.

It's not terrible, but it's not great either because it looks like you have to do the property management as well. 

In parts of LA where we invest, some investors could get stuck buying on a bad block and have a terrible experience, but those who know will purchase 10 blocks to the north, and will be fine. 4.