I think a lot of CA / HCOL area investors go into Ohio / the Midwest with unrealistic expectations.  

I will agree that there appear to be a lot more people on the forum just lurking or fantasizing about REI with unrealistic expectations and ZERO notions of what hard work and grind really mean.I am about to spend half a day taking some people, that I met on this forum, on a tour my some of my apartments and showing them my setup.

That little 746sqft ADU could potentially be worth $895k in value in a very generic unrealistic world.

Is that an unrealistic expectation?

Like most people here are saying, expecting to cash flow in LA off a SFH is unrealistic.

The investors that seem to be the most unsatisfied like yourself are the one’s that buy 1 or 2 properties and in Engelo’s/my opinion have unrealistic expectations.2) The property management team did a fantastic job based on your comments here.

I don't think 1% is unrealistic to strive for even in a seller's market like this one.If I were you, I would add probates to the mix. 

Many times sellers are UN-realistic in the beginning.

The huge number of unknowledgeable, unrealistic, unethical (intentional or unintentional) and inexperienced wholesalers operating with no oversight produces problems for seller's and hurts the reputation of the real estate industry.  

Typically the expired listing owners ended up letting the listing expire (or the property did not sell) because the seller was unrealistic with pricing.