P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

Because if you need to live off the cash flow what you're really looking for is a business. 

My wife and I just closed on a duplex in Oakland, but the basement/garage was already converted into a separate living space with a bedroom and bathroom.

My airbnb posting just went live yesterday. 

It depends how long you plan on living.

My name is Montse, I’m originally from Spain, and I currently live in the Netherlands.

I ask because I hear single section 8 tenants like to have their bf/gf living in with them...Quote from @Rich N.: @Peter GoellerBecause they way Sec8 does it, is that their local Sec8 inspector is suppose to the know the market rate.So, let me clarify this. 

A lot of people go in expecting these programs to completely change their lives. 

I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.

(or if they're primary buyers, they don't care about yield, since they're going to live there.)i just went to visit two very distressed properties yesterday that i would buy.... if they were priced 50% lower.