Pretty much, you have to remember this is not too high end of a home based on Southern California standards.

Steven - One thing to remember with rentals is you need to have cash to fix those inevitable repairs that come up.

I do remember, when I was studying for my Broker Lic. years past, that was one of the subjects, and it defined cash out for hard money definition.

Yes, she dragged me in kicking & screaming.

I wish I had remembered to order a wide short slider to install in the tub surround...light and ventilation.  

Also remember the income from a REIT is taxed as regular income whereas if you own actual real estate assets you have tax advantaged income due to depprecitaion of the builing and the equity gain you get from the tenants paying down your loan is tax free.

I remember saying that was a lot of stairs to get to the top but the flip looked nice.

I still remember things I learned in the soils, structures, concrete, pavement engineering and water resources courses.

Particularly if you meet someone but can't quite remember their name or how to get in touch with them.

I am an owner of three rentals, and the way I manage my properties is that any outstanding balances are settled out of the security deposit, and I remember when my wife returned the keys and house we had to pay for a broken screen or something.