What are your investment criteria for Southern California?

[Krista Thorn]

My goal for 2017 is to purchase two investment properties! In getting started, I'm trying to determine my criteria for investment property and would like to know what other investors use. Here's what I've come up with so far.

SFH must have:

- +2bath

- Roof <10 years old

- Monthly Cash Flow => $250/month

- A/B neighborhoods

- =<$60K in repair costs

- No foundation issues

- No pool

- Target purchase price <$430K

Condo or Townhome must have:

- HOA no more than $200/month with no plans to increase

- A/B neighborhoods

- Monthly Cash Flow =>$200/month

- HOA must allow renters

- HOA must take care of roof and landscaping

- =<$20K in repair costs

- Must be over 900 sqft

- Target Purchase Price <$250K

What do you think? I am forgetting anything? Is this even possible to find in San Diego/Southern California? What criteria would you add? Thanks!