If you plan to buy cheap low cost properties and primarily seek cash flow, then you can use simple ROI/CoC formulas.

Focusing on what makes sense for you and your business plan while factoring in market conditions will land you good buys.

It's what I plan to start with and it's highly recommended for newbies like us. 

I’m closing on a duplex I plan to live in one side and keep one of the tenants on the other side .

I have to ask, is the water softener a payment plan for the system for the home?

We plan to deduct 1/5 of the total ($2444.80) on the Schedule E for each 1-BR unit.

If you as an investor plan to approach homeowners in California to purchase their property after a NOD has been filed you definitely need to read (and reread) California Civil Code 1695. 

It's a split level that I bought in original condition, including a 1984 ancient-looking air conditioner and all the things that come with a house of this nature.The plan was to do a full cosmetic + replace HVAC and Roof + prune back 60ft tall pine trees AND turn it into a house hack bnb.What I've learned so far....- Trust but VERIFY everything on the buy side.

I would not try to remove the roots immediately, give it time and watch for problems and have a plan to fix things once it shows signs that it needs attention.

Brook,You can buy a Second Home/Vacation in multiple states you just cannot buy more than (1) second Home/Vacation home in the same general area.My investors take advantage of the 10% down loophole and its really just a matter of upfront planning with your Banker to ensure there is a proper plan in place.