Starting in San Diego, feasible or crazy?

[Charles Cho]

Ideally I would love to get a fixer-upper duplex that I would be able to live in rent free while still keeping a full time job.  Are there any properties that are under 400K and that follow the 2% rule?   

[Amit M.]

1- your in initial idea with the duplex in San Diego is a good one. You may not be able to live rent free, but you will be able to live there for: less than a SFH and less then the unit would rent out for. So it's a great way to start out in REI.

2- the 2% rule is stupid, especially in Cali, it makes no sense and is deceptive. Have fun reading this about it here!

http://www.biggerpockets.com/forums/311/topics/193...

And if you have more time on your hands, this is an educational thread on cash flow vs appreciation:

http://www.biggerpockets.com/forums/432/topics/146...