I'm personally of the opinion that it's generally best, at least for buy and hold properties, to have more equity in the deal, but as someone who lives in California, buying local properties with 30-100% down is fairly difficult for the investor just starting out.  

I'm a little jelly.This is a fairly typical response from somebody who has never run or owned a business.  

It should be fairly simple to make an educated guess, as opposed to just speculating.n Look online at the public records and see what mortgage are in place.  

Hi Bill thanks for the advice bc the rules are fairly confusing.  

with fair usage from the tenant I would go about 3-4 for paint and carpet cleaning.

These are primarily the larger waterfront homes and are being scooped for a relative bargain.

I'm fairly new to this site also but so much awesome info!

I checked out some recently sold properties in Ventura County on Zillow and I noticed that there are still bargains out there in SoCal. 

Well I have HML experience in Memphis for years and know it fairly well. he was paying 10k a door and its half vacant and boarded.. but he goes on to tell me the old owners did not know what they were doing they were running it like slum lords etc etc... against my advice he buys the thing for 400k and is telling me he is going to put in a B ball hoop new BBQs a play area etc etc. make it really nice.

I had dinner with a guy from BP the other day who came to our fair city.