House hacking in bay area

[Arthur Yu]

Hi all! 

Short intro: I live in SF and work in tech. Been interested in real estate for a while, read a few books, one of them led me here. I'm primarily interested in rental properties to generate a passive income flow, such as multiplexes where i live in one and rent help cover the mortgage. 

All the multifamily properties i saw in bay area are nowhere close to the 1-2% rule. they are more like 0.5%. Am i doing something wrong or is it no longer worth it to invest in high cost areas such as bay area?

[Carson Wilcox]

1% rule is hard to find in Norcal.  Especially in a property that doesnt need work.  Keep looking, and you will see where the $ averages out, and then use that to run your numbers.