In the event of unforeseen repairs, we will aid you in every way possible.Can I do my own inspections?

Here's why - you have to take into account holding costs, commissions, closing contributions, punch list, and $5K for unforeseen circumstances (they always come up).

You need to get the other units rent ready and there are always unforeseen expenses.

We know that if a project were to take more than a few weeks, we run the risk of unforeseen changes in the market.

I do have $5000 in reserves that I use for unforeseen repairs, but haven't had to dip into that yet.  

It would reduce the risk of unforeseen issue due to lack of local experience but also get you ramped up learning the process much faster.  

I have tried to get as much information as possible to understand at what point the market is in but i'm getting everything from "Danger- SF bay area is on the brink of the next tech bubble crash" to "Safe- because of the amount of capitol available in the bay area the market is really only overvalued by 10% as opposed to a real bubble market which is overvalued much higher"I see that the multi-families available are definitely retail post flip prices, especially in the areas I would consider living in with a baby and many of those have rent controlled tenants.I'm trying to think creatively about moving forward weighing our $30,000 annual rent bill against potentially having a $600,000-$800,000 mortgage in a single 4 plex where it seems to make sense financial now but I'm concerned about market crash or unforeseen event.I guess my question is what would you do, invest elsewhere and stay put with high rent or dive into a bay area house hack?

If everything fails and we have to walk away for some unforeseen reason, we are out $5,000. ;-/ That would suck but it wouldn't be the end of the world and we should have enough time left to recover and learn from our mistakes.Please let me know if you have any other questions or comments.

Lets do something, if for any unforeseen reason your property doesn't sell per the time stipulated in your listing agreement, please keep my number handy and I will be more than happy to revisit/evaluate your asking price.

I had to put about $30k into unforeseen repairs in the house after I bought it.