Someone who could be at the property 7 days a week to monitor contractors and perform simple tasks such as painting, landscaping, etc.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so the price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

My inclination was that it's somewhat bogus to expect a buyer to pay as if the building is already performing at a certain level, but for all I know, in instances such as this one, maybe it's not that far-fetched.

If you believe the market will appreciate exponentially, I would consider the house-hack situation.If you are bearish or think the market will perform with normal appreciation, I would consider to continue renting in CA and buying properties out of state.

It's currently drywalled except the demo'd areas of wall and ceiling and the previous tub is removed. 1. framing and drywalling the closet and part of the ceiling2. installing a bathtub and either tile installation or prepping the walls for tile and I would DIY the tile itself3. tiling the floor4. install toilet and vanity5. prepping the kitchen floor for flooring install (will likely need to grind the concrete patches the old contractor shoddily performed +/- self-leveling concrete)Apologies for the long-winded post and I appreciate any advice!

@Joseph Eversman I grew up in those areas and lived in Morgantown WV and Pittsburgh through much of my 20s and 30s....my perception is that most of the areas you mentioned (south of Pittsburgh) have little appreciation (and risk of depreciation), so if your goal is long term appreciation, those markets probably won't perform very well. ....either way, you'll probably want to look into the relevant market data on appreciation, jobs, population, etc. to make sure......if you're willing to go as far south as WV, I'd suggest checking out Morgantown, or going north to Pittsburgh.

Looking forward to seeing how it performs over the next 8-12months.

The IRS recently released a report indicating their intent to perform more examinations of individual tax returns that report losses from rental real estate activity.

Doesn't make any sense to me that at this point Housekey has the non performing assets sitting on the books for 7 years and just walked away from it.  

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.