Both leases are under market rent and we plan to have the raise rent discussion but we're not sure of how much notice we need to give tenants.

Since that time the seller obtained a cash out refinance for $50k, with Wells Fargo. 

Until that point, I am here to read / listen and learn.I am likely looking to purchase in my area (Pittsburgh) and have some ideas about what neighborhoods specifically, but these are just instincts and purely anecdotal in any event, so I would love to engage in discussions about what areas around here would work for the buy and hold rental income strategy.Thanks!

I would also be interested in partnering with someone who can possibly discuss buy & hold rentals in this area as well, later on, after the primary residence is purchased.  

(I'm not an attorney so I'm just raising an issue you may want to discuss with an actual attorney, but you may find this series of videos on wholesaling which was made by an attorney in Ohio to possibly be applicable to your situation.)In general I'm much more in favor of spending time to build relationships with a smaller number of buyers you've met with a few times and vetted a bit, instead of doing a mass mailing campaign - the "rifle" approach rather than the "shotgun".If you decide that's something you want to investigate, you could contact active people here on BP and/or go to your local real estate investment group such as RIREIG in RI or Black Diamond REI in Mass to start building relationships.Good luck and let us know how it turns out of course!

Not to point out the obvious but at $200/month cash flow it will take 30 units to obtain your $6K/month goal and $6K/month ($72k/year) in San Diego is not likely enough to quit your W2 job. 

Really enjoying and finding great benefit from the content and discussions.

This only would be beneficial if the property cash flows (as to how much, that is a different topic of discussion since everyone has varying requirements).

If you don't foresee any major stumbling blocks (or, if you do, and would like to discuss confidentially - we can certainly do that), I'd be happy to set up a showing for you.

I am happy discuss any time.