I was the opposite. 

.), and it can still be a complete nightmare that can ruin your life (indeed, we see no shortage of beginners in the forums who talk about buying a property that looked GREAT on the spreadsheet, but which turned into a total disaster). ...and the opposite is also true--some properties look mediocre on a spreadsheet, but can be excellent investments for any number of reasons (e.g.; tax benefits, construction quality, tenant pool, value-add opportunities, ease of management, etc., etc.).

Paul I am guessing you are very new to the area because in general 94603 is literally the exact opposite of 94611.    94603 is more up and coming, working class blue collar neighborHOOD.........I used to live there for a while in fact.94611 is A-/B+ properies, period.

I just felt that the M2 dramatic increase may actually do the opposite. 

Coming in with a higher pref to entice investors since you are new may have the opposite effect if you don't have the cash on cash to support it.

The thing to keep in mind is the lower the CAP the more desirable the area and property the higher the CAP the opposite is true. 

(tried to get Master's on the complete opposite ends of the spectrum!)

I've seen the hardest judges act favorably to landlords who have their stuff together in eviction court in non-landlord friendly states and just the opposite in landlord friendly states. 

I am in the Seattle area and just started learning about BRRRR, but the stories around Seattle is just discouraging, and yours is the complete opposite and really helps to motivate me!

Rented it out for a combined $4000 a month.A couple of years later a massive development plan was announced just 2 minutes walk from the property (Magic City).The older, decrepit duplex directly opposite just sold for $700,000.