I know what LP (limited partner) is...but KP might be some new lingo.The one and only benefit in my eyes for the SBA loan is that it will give me a fixed rate over 20 years....all the other banks I've communicated with will not do a fixed rate unless it's through the SBA so it might be a necessary beast I have to deal with.

Looking at a lot of deals per day just to sharpen my eyes and recognize a good deal when I see one.

It's fine to buy a vacation home/future retirement spot and put it to work in the meantime, but be clear-eyed about what you're doing.  

Opens my eyes to the truth in this situation. 

I started using the DealCheck app on these condos and indeed it pops up more than $500 in negative cash flow in all of them, which is eye opening.

Look at it in the eyes of the 80/20 principle:20% of your properties give you 80% of the return20% of your tenants can cause you 80% of your problemsSell the properties that give you the most headaches/issues and least profitability  More info on the 80/20 principle:https://www.strategicinvestmentrealtors.com/blog/andrew-schulhof/apply-8020-rule-real-estate-investing 

I have my eye on a duplex in Tucson, AZ that's historic and a little high end.

One they have investment properties and one has experience as a real estate agent here in Cali, so they are willing to help be my eyes and ears there.

As a soon to be MBA graduate this book is phenomenal and has opened my eyes to so much!

As in, the second house is too close to the lot boundary and, therefore, in the eyes of the appraiser, had no value to the note holder.As I understand it, the non-conforming house was grandfathered into city zoning (built in the 40s) but doesn’t meet new zoning laws.