I am trying to generate extra money and a better life for my family, I just want to be able to see my daughter in Florida more so eventually I want to have multiple properties but I guess getting started without any real world insight is difficult and I dont want to give up on my dreams.

This home is presented and priced in such a way that only owner-occupants are likely to show interest.There is bound to be houses in the area for HALF that price (yes, needing some work, but not $60k's worth) that would STILL generate close to $1000/m rent - thus getting closer to that sought-after 2%.

We would like to secure as much cash flow as possible but be safe about it as well.Any suggestions on generating safe cash flow in Southern California or even out of state with a million to use?

My goal is to generate enough passive income to cover my expenses so that I can leave my current position and focus on real estate investing full time. 

THIN FILES are ironically the new norm now that Credit Underwriting  and ID verification tends to be more strict.he's only 25 and assuming you have his SSN, DOB, and are running an address he's been at least a year, at least credit INQUIRIES themselves should have generated a file so if theres a thin file its one thing, but if he's really actually previously UNKNOWN then he is now instantly KNOWN to at least one of the big 3 at the moment u pulled the credit report. assuming those 3 pieces of ID (SSN, DOB, ADD) are all accurate, cuz if any of those 3 are 'novel', it will throw off the data and likely also give u a thin file flag.

It is fiction generated to get you to buy into seminars.

I am looking forward to making lifelong investor friends and wealth generating partners.Talk to you soon :)  

Then, if that doesn’t generate a buyer, I intend to list the property.

It will take you close to 3 years to generate this amount of cash w/ the $10800/month cash flow.  

Do a search on Bigger Pockets to see if there are any recommendations for on line resources to generate comparables.