The answer wouldn't the same for say The Ironbound as for the SW Side.

These deals can work out really well because most investors do not want to wait that long to get an answer.

There are many agents out there, but it’s important to choose the right one.https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agentI love answering questions if you have any!

Thanks so much for answering.

Bruce, that is a very good question and to be honest I do not know the exact answer. 

@John Casmon episode with @Omar Khan (not mentioning for some reason)  goes into more depth (Episode 52):https://www.casmoncapital.com/podcastTaking annual #s and dividing by 12 is going to give you the wrong answer and cause a ton of problems.This is because value-add project are heavily weighted in the first months and stabilize over the year.

There are many agents out there, but it’s important to choose the right one.https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agentI love answering questions if you have any!

The answer isn't always yes.Here are some options for you:Do a cash-out refinance on your townhome, use that money as down-payment on a new home. however, if you have an awesome low interest rate you would lose it. 

Thanks Costin for the pointer to the book (and the flow chart).To answer you Q's: I manage my properties myself.A couple of follow-on Q's: a) Can you elaborate on "you guys in CA are different kind of special"?

I think the only right answer is whatever the best answer for your particular situation is.