Buy and Hold SFH Strategy California

[Ryan Chaw]

Hello All.

I was wondering from everyone's experience with buy and hold single family home properties, what cities in California have you seen the highest return?

I am looking for cap rates of 8% or higher and positive cash flow (meaning the mortgage monthly payment is covered fully by NOI) off a 15 year loan with 20% down.

Let me know if you guys know of any. From what I hear, based off the Bay Area housing market prices, it is very hard to establish cash flow.

Thank you,

Ryan