I imagine the materials will be over $20K. 

You can imagine (experts and newbies alike) what that does for my cash flow.My options seem to be, flip the properties back into my name and pay 4% transfer tax, find a mortgage, then either put it back in an LLC or I suppose just keep it in my name.

I was very picky about what I was willing to take on as you can imagine.

Seeing as you are from California I imagine you're looking for this info as you are priced out of your local rental market.

Imagine loading up on equities in ~ 2008. 

I can't imagine being 18 and doing this.

I would imagine that it could still come in handy even if you do have your network in place because I would imagine there are times where people just aren't available in a timely manner.Thoughts?

The landlord prior has no such incentive.9) I don't know what world we live in today, I cant imagine having done this when I was younger, but tenants, especially young ones have no issues breaking leases. 

He did say he went through a tough time recently so I would imagine that likely has something to do with the decrease in credit score.

Could only imagine what another 60,000 would do to the cap rate