@Dennis Nikolaev
I have also been investing in San Diego for many years and have benefited from the significant appreciation. I had 4 apartment buildings, 3-4plexes and a 10 unit, at the beginning of the year and I have sold 2 of the 4 plexes. I have a third one on the market and will probably sell the 10 unit next year. My personal opinion is we are at or close to the peak so I’m selling the 4 unit buildings since they are based on comps unlike a 5+ unit buildings. All my buildings cash flow but minimal compared to the equity I have in the buildings. My first building cash flowed about $1,000 a month but I netted about $300,000 when I sold. The other 2 four unit buildings are similar. I’m also selling the 10 unit because cash flow is minimal again compared to equity and I would rather invest out of state to get higher cash flow, no rent control, scale and landlord friendly laws. We got in at a good time and I’m trying to get out at a good time. It’s not easy investing out of state but many people are successful doing it. I haven’t bought out of state but I have been researching and networking everyday. Good luck!