Should I hire a bookkeeper, as suggested by Robert Kiyosaki "Rich Dad, Poor Dad"...i think i do a pretty good job myself.

@Jeremy Taggart Appreciate the suggestion!

Even longer answer: talk to an experienced accountant about potentially treating your lending as a business and structuring it along the lines of what you suggested.

My intention is to establish positive communication with the current tenant while respecting their existing lease agreement, with no plans of requesting them to vacate.I would greatly appreciate any insights, suggestions, or advice you might have regarding reaching out to the tenant, drafting a letter, and managing this transition smoothly.Thank you in advance for your assistance.Best regards,

I am new to the Richmond area so don't know the Counties well - any suggestions on areas to look to find properties with better deal economics? 

Seems like it could be something to do that could make the cashflow work more.Reason I ask is as I put proformas to see if buying a rental is better than investing in the market if I had the same cash available to start and additional cash flow each month (or negative)Thanks

If not, there may be some additional benefits of home ownership in the Los Angeles that could be worth looking into.

The second floor has 3 bedrooms and 1 bath.My plan would be to convert the garage and living area on the ground floor into additional bedrooms to make 6 rentable rooms ($6k per month total revenue) with shared kitchen.

In addition, Ms.

Some database somewhere has that address and your phone on it and it got sold.Same way Facebook happens to pop up all these suggested "friends" that you barely even know exist.