@Andrew BeaverWe decided on Bradford because we would be living in one of the units, my fiancee has particular tastes, so when researching areas, I needed the town/city to have a good number of multi's, an atmosphere I would want to participate in, and a good cost of house vs potential rent ratio.The other factor to consider, was that the city had to be between my job and my fiancee's. 

Is this common with foreclosures?

From the tenant screenings to the attention to small details, property management is a tough - but important - job!

The situation: Recently moved back to where I was born and raised (Vallejo, CA/Bay Area) and after several interviews I'm needing to decide between a few job offers:1-Enterprise Rent-A-Car (Mgmt Trainee)2-Sequoia Equities (Apt Leasing Consultant)3-Redfin (Sales support)The dilemma: I do have an interest in REI, would love to be able to coordinate some flips as well as delve into buy and hold Multifamily opportunities (which is where prop mgmt comes into play).

Otherwise, having a stable job (9-5) while networking and marketing can help you gain knowledge, contacts, and a traditional 30year loan down the line when you're ready to go.

The company I work for manages approx. 100 sfr and small multi-units in the Whittier area (mostly along the 605), and expenses for our units (including common area maintenance, regular maintenance, turnovers, and cap ex) have historically averaged around 40% of rental income.

If they're willing to fudge something that they absolutely KNOW for a fact is going to be that far off, imagine how far off anything else can be.Another common one is utilities in a property with low vacancy.  

The common street address is is not the legal description. 

Ultimately, I'd like to retire from my current job in 2-3 years and do investing full time. 

@Keith Fowler - Don't quit your job.