More and more websites no longer use flas, so I can do 90% of what I need to do with an iPad and iPhone.

@Seth Marcus, you bring up an interesting point with lenders being more likely to act on the Due on Sale clause with interest rates rising.

You can buy duplexes bringing in $1,200-$1,600/mo in the $75k-$120k range.

Older homes not bringing average rent.

:( Thanks alot for this amazing website and you amazing people!!

Don't know CA laws, but here we would definitely cash the check, issue another 3-day notice with corrected amounts, and either they bring current, or they get evicted. 

I'm sure there isn't an exact formula and it depends on the area and other factors, but if there are rough rules that people follow it would be helpful for me to hear them.Lastly, the cash flow on this property isn't going to be much (after setting aside 5/5/5 for vacancy, repair, and cap expenditures) until I am able to bring the rents up to market rate, so I will be managing this property myself.

I am not sure about the networking side of things, but I do know that there is a website called thebluebook.com. 

I have been actively looking on the usual suspects of websites (loopnet, redfin, zilllow) but feel like I still have a lot to learn about particular neighborhoods in the SoCal area.

As to "(if) we don't run out of water" I'm betting that one of two things will happen sometime in the future, 1) it will be decided to pipe the Columbia river from Washington the way oil is currently being piped across continents, or 2) a process will be developed to desalinate seawater cheaply or a process will be developed to bring moisture out of the air which can currently be done on a small scale.