What else should I look at to determine the market value of said property?

So, you would be putting down $72,000 for an "investment" that would lose $188 per month.If you live in California and are going to buy property somewhere else in the United States, why would you buy a loser all the way across the country?

I prefer to manage myself not because I will save money, but because I prefer to screen my own tenants and take care of tenant issues myself rather than have someone else do it.

I had heard it stated somewhere else that PITI was not included in the expenses when figuring out the NOI.

Just plan on doing some sheetrock repairs when he's done.If everything else in in order I would not let the electrical put me off.

anyone else?

If someone has specialized information that will help someone else, and they require being paid to disperse that information, well okay welcome to America.

I think Charles is thinking of a Sub2 or something else.

Hmmm . . . anyone else?

Really it would only take me about 3- 4 smart rehabs a year to maintain my standard of living, if I never did anything else.