You don't have an expense for that.Always include a budget for initial repairs.

What is the initial response ratio? 

Exhaust your free resources to make your initial capital then worry about where to invest a marketing budget.

In California, accepting even a partial rent payment after the service of a 3-Day Pay or Quit Notice would void the initial notice and cause you to have to serve a new notice. 

Although I’m 31, my initial goal was to attain 2 dozen single family homes before 30.

I currently own no properties and wondering if this may be a good initial step into investing.

My analysis shows that the initial investment was a fraction of what a similar sized stick built property would have cost, the rent received has been virtually the same, the upkeep/maintenance is not an issue if you keep on top of it.

If it were me, I'd keep them on a month-to-month agreement (as opposed to a year long lease), at least initially until you decide if they'll be good tenants and whether you want to keep them. 

. ;) Overview: Initially I was planning to hold this duplex long term... but as many of you know it's nice to have multiple exit strategies.Deal Facts Type: DuplexBuilt: 1939Unit Mix: 2/1    900ish sqft per side2 Car garage The nitty grittyPurchase Price: $60,000Rehab Costs: $40,000All In: $100,000New Appraised Value: $170,000Market Rent: $1000/sideCash out of my Pocket: $0 (I'll get to this later) Why this deal?

It's very good & he has even done a little bit of initial leg work.Keep us posted on your situation though.