I know it can vary a lot but if you were advising someone so they can plan financially what would you say is a realistic number to shoot for?

Granted, every home will have issues but this one had hardly enough to make a financial difference on the investor who was buying it.One of the issues however, was the lack of GFCI protection in the home.

Good luck in all your future REI ventures.

We do have some identified now and will be looking to move on future properties as they become available.

I do this for them because I have to create a future that we only dream of.

If your cousin's wife is still very skilled, maybe you have a place higher in the business hierarchy where you can engage her (marketing, client relations, financial management). 

Despite that setup, the HOA has been having financial issues for many years mainly due to a high HOA fee (due to land lease) and dis-interested owners (both old and new) in throwing more money at it.  

I have been contacting family members to gauge their interest in future investments and have had some good feedback.

I wish you luck in acquiring more rental units and I am sure we will cross paths in the future!

I am currently in CA and have a SFR here, but have a 2nd home in Clayton and plan to invest in the local area in the future.