Tread lightly when it comes to talking with investors about pooling money together for REI acquisitions.

I don't like 1Br because they are hard to rent and have a limited renter pool.

In a low income area, old (but clean) carpet, laminate counter tops, low-end appliances…etc are all perfectly fine and generally commensurate with market expectations—especially if you price it aggressively.To a family with low income, stable housing is far more important that high end finishes generally speaking.But, in a high income area, the quality of finishes will be a major determinant in desirability and you are going to have a tenant pool less resistant to moving if necessary to find a home that they feel is “worth their money” as well as greater disposable income to pay for what they really want compared to just what they need.But, as a layer deeper than just the quality of finishes, you need to perform quality maintenance.What this means is, when there is a problem, you need to actually solve it, not just paper it over for repeated headaches for your tenant.Imagine you have a sewer main that needs repair or replacement.The tenant’s toilet gets stopped up and overflows.

Rental with a pool..who should pay for open and close the pool? 

At this point I might use them, but I also have a team in Indianapolis that would open me up to a larger pool of properties.

how much you paid to have your swimming fill in with dirt?

Yes, it would be great to live in sunny California, AND you can do that after graduating with as few loans as possible.I have been in college for 14 years...finally finishing up my PhD now.

@Steven Pool thanks Steve, I like all of those tools.

It will severely limit your renter pool. 

The amenities like pool, and gym, but also water, sewer and trash can be included in the HOA dues.