Seems to be a great market down here - looking to get my first property in the near future.

It has also kept me in touch with local economic trends that look like they could evolve into new ways to capitalize on the properties I already own.  

Here is some information on the duplex:Basic Info: 1941, 3B 1.5Bath, 2 BD 1 BathPurchase Price: 151KDP: 44K Rents: 22K AnnualMortgage/Taxes/Insurance: 13.5K AnnaulMaintenance/Other Costs: 2.5K Cash Flow: $5K/year The house is in need of some renovations: pretty much all new windows, a furnace replaced, siding in the near future (wood)  Is this worth it for a first year investment?

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That would really set off the house and add value in the future. 

@Patrick Olownia I am in San Diego so I see the same trends you are noticing.

I am also well versed in Agile methodologies which I feel is underutilized in the real estate industry and will give me an asset to bring to the table with future partners.

Hope we meet in the future.

@Mark Nickoson I think having a plan on future repairs and renovations will be the way to go.  

If you stick with it, you will end up owning several properties and may want to offload them in the future, but you wont be able to because you didn't account for PM when you bought those properties.