@Jim,I think in Cali its a little different.

Jim

I did resolve I did it myself I don’t recommend its a lot of workNext time ill maybe use mja plumbing Not bargain price, but a good valueDo you have other recommendations jim

Morris as we come to find out did nothing :) and just sold vacant houses.. but anyway.. if it was turnkey you should have paid say 75k for a rent ready home.. done an inspection like everyone does when buying a home and had a small punch list that you may have required the seller to address.. just like your buying a home in Denver to live in. so it was either turn key and had additional 13k in work needed or 17k  . which means it was not turn key.. so a little confusion here and that is what Jim is getting at.

@Jim Goebel, :D  That's funny how you said the 'prestige factor', and no, that's not my 'need' but certainly there's more money slogging around here in Bay area and probably some of that goes towards purchasing those properties without regard to Cashflow or returns.

Jim Wilcox Andrew Johnson thanks for your advise replied back with a little more info and advise is appreciated

Nice Jim,My 5 year plan is to own 30 residential properties and open up my portfolio to commercial investments. 5 years after that I would like to have built a large enough portfolio that allows my investments to fund other business ventures.  

Quote from @Jim Peret Peret: Quote from @Scott Loud: Quote from @Nicholas L.: you're doing private lending out of a retirement account? 

Stanley*(1) Success Principles by Jack Canfield*(1) The Total Money Makeover by Dave Ramsey*(1) Investment Biker: Around the World with Jim Rogers*(1) The BiggerPockets Book on Flipping Houses*(1) The Four Agreements: A Practical Guide to Personal Freedom by Don Miguel Ruiz*(1) Inspecting a House (For Pros By Pros) by Rex Cauldwell*(1) The Basic Steps in Real Estate Exchanging by Royce Ringsdorf*(1) Mastery by Robert Greene*(1) Flipping Houses Exposed by Danny Johnson*(1) Shift by Gary Keller*(1) Atlas Shrugged by Ayn Rand*(1) Winning by Jack Welch*(1) The E-Myth by Michael Gerber*(1) If You Give a Mouse a Cookie by Laura Joffe Numeroff*(1) First Things First by Steven Covey*(1) How to Win Friends and Influence People – Dale Carnegie*(1) Titan: The Life of John D.

Thanks @Jim S., I am very grateful for your input.