Tulare - RE Investment?

[Paulina L.]

Hi all - I am looking to house hack on multi-family property for my first RE investment. I'm interested in Tulare county, as I see a lot of pop growth, good school districts, high renter %s, and a lot of new construction coming into some of the areas. 

My only concern is that when I run the deal analyses, I'm usually seeing a loss on COCROI. I'm thinking it's likely because even though renter % is high, it seems like the rent people usually pay in the area is still relatively low. Any thoughts on Tulare county as RE investment location?