When your in Transactional Real Estate like we have been and its been quite good since the GFC  cash flow at 200.00 a door has no interest for us..

Currently, I own 26 doors and run a property management company that oversees 350+ units.

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

.: I wanted to get involved in land investing and made a post about it during the summer and have continued to look at it until now.I was questioning if I should trust a land guru in my area so I asked about it and got some feedback.So then I have searched for land investing education programs and a name was at the top on google and I saw he had a lot of information out there.I did research on him and watched a lot of his videos and it all sounded good but I heard him talk about how he now owns over 1000 doors in multi family, so I started thinking about it. 

It's a virtuous cycle that expands your network and opens doors to even more lucrative investments.One of my key principles as an investor is to provide attractive returns to my partners.

Finding creative ways to value add could be a good avenue to get you in the door, especially if your partner is a contractor. 

Across ten doors I've had three turnovers in five years and one of the ladies that moved out (she wanted a larger house) still calls me occasionally to see if I have something available again. 

Quote from @Kevin Zmick:One of the advices I read above was to be a bit less discerning perhaps and get someone in the door for 6 months at a reduced rate, and then find my golden tenant in the summer.

A duplex or SFH purchased around that time would likely have appreciated by 5-10%, depending on the neighborhood, and rents in Oceanside and Carlsbad have continued to rise steadily, offering a solid ROI.One client I worked with last year ran into similar frustrations with bidding wars.

With interest rates rising, has Norda seen more defaults recently?