However once you've gotten through all that red tape it's pretty nice as the rents are high & consistent.

The hard part is the consistent sourcing of deals (in my opinion).

Here, it appears that a consistent downward pattern may have started. 

If they pay late on time every month, then that’s usually okay, (as long as it’s a few of them not all of them) and they pay consistently on the same time, but that’s just me.I also have lower income tenants so you just have to be aware of it.

I got a deal on a triplex that consisted of a duplex and a carriage house apartment where previous buyers were unable to get residential financing because of inadequate comps. 

Sure I asked him a lot of questions, but the extent of his work up until the contract was signed consisted of making a couple of follow-up calls and sending a few follow-up emails.

For owners who have a mortgage on the property and rely on the rent payments to cover the mortgage, consistent late payments are a deal breaker.

With no consistent income and limited cash on hand, I'd like to meet experienced investors to learn more about partnerships, financing options, and the rental landscape in San Diego.   

They are not going to always do a consistent job with regards to inspecting your property for issues post checkout. 

I pay subcontractors and have one consistent worker that I plan to 1099.