I just spoke to a local property management company and they looked up my address and they are saying that I actually can only get $1,850/month with the tenants paying utilities.

Different limits and coverage can make one quote look better while it is actually cheaper due to less coverage. 

Have you looked into an actual online application?

Also, it was mentioned to cut back on the basement, I don't have experience in that portion of the country with SFR basements but if you actually trade dollars there, then cut that back and do the minimum needed.Hiring as many subs and acting as the GC yourself can reduce costs.

What are 3 things you look for when you want to make a flip, what is on your checklist before actually making the commitment in an investment?

Hi Jerry, you can withdraw money tax-free and without penalty from your Roth up to the amount of your original contributions.

I actually lived in downtown LA before I went to TX, so I'm vaguely familiar with the SoCal region.

Typically tape all drywall joints, 3 coats of joint compound on all screw holes and joints, sand smooth to level 1-5...the industry actually defines the levels.

We actually used to have staff visit all properties of interest in tennessee and Mississippi and do photos and a proper condition report.

The key, IMO and experience, is in how you present it to them and to actually avoid legal proceedings.