Would you buy a property that is breakeven in SoCal?

[Nitit Chartuprayoon]

Hey everyone,

I've been doing a lot of research educating myself on REI. I decided to look for a SFH or MFH to house hack and eventually turn it into a full rental property later on. I am looking to buy and hold the property and bank on the appreciation of SoCal market. This will be a long hold. I try to analyze a property as if it's going to be a full on rental without me living in it because with how the market is right now and in the area that I am in, I will never break even just house hacking.

My question is, would you guys buy a property that isn't making any cashflow but also not negative cash flow in Southern California market? In the future, it could cash flow as rent increases as well as when PMI falls off, but it won't generate that much cash flow. The area I'm looking at is Ventura County specifically.

Thank you,

Nitit