$150/month is nothing… and given your closing costs of say $16,000 if you sell, it would take 8+ years to recover that $16,000 at $150 per month.  

I have help with the 10% and closing costs.

Hi Wilson, I'm using Guesty for Hosts now, but's a low-end, dated solution that's, increasingly, being positioned as an on-ramp to a higher-cost Guesty for Pros upsell. 

It cost 30-40k to renovate my house after renting it for 15 years.

Currently I hold a few rental properties in California, but I am looking to expand out of state mainly because of the cost to acquire new properties in California has made it difficult to grow here.

@Imdhadur RahmanAre you looking for straight purchasing at 90LTV or fix and flip purchasing at 90% of the purchase price and 100% rehab costs? 

Closing costs, title insurance, appraisal, and recording fees etc.  

Very excited to start implementing this in my current portfolio!

Buying a property in Los Angeles with a bad tenant is very costly and time consuming. 

I assume the lease also has costs you can charge back to remove the materials from the property as well.