Possible buy and hold in Banning, CA

[Andrew O.]

Hey guys,

Since I don't live out in the area, and I'm new to the country, I thought I'd try and tap the knowledge base here on BP.

I have the opportunity to buy a house in Banning, CA. It's a 4 Bedroom 2 bath. It was built in 1931, I was just wondering how solid houses back in the 30's were built, it has been refreshed last month ready to be sold on the open market; but I thought it may make a good rental.

SFR, 4 Br, 2 Bath, 2,000 sqft, 6,500sqft lot.
$70,000
I am pretty sure it will rent for at least $1200, I know this doesn't quite satisfy the 2%, however if I can squeeze $1400 that'd be gravy.

My only real question was, are these houses known to be a black hole of $'s?

Thanks for your assistance,

Andrew