Real estate has long been praised for its dual ability to generate cash flow and appreciate in value.

The company also published some great books like Millionaire Real Estate Investor, another one named FLIP, and another one called HOLD. 

Because the Property Class dictates the Class of the tenant pool that the property will attract.

Any sophisticated and honest real estate investor would know these cap rates are ridiculous and you could easily verify their absurdity with cap rates of comparable properties that have sold.

I would have a property manager if that were the case.

Likely will need an upgrade in the vacant unit at least.Financing & Numbers:Purchase price: $1.3M$600K down, financing $700K at 7% interestMonthly mortgage (P&I): $4,660Property taxes: $1,300Insurance: $250Maintenance/reserves: $250 (may need more due to the condition)Total expenses: ~$6,760/monthRental income: $5,000/monthOut-of-pocket cost to live there: $1,760/monthThought Process:I could gradually tackle repairs & renovations while keeping the units rented.Tenant turnover could allow for rent increases, but that’s uncertain with SF rent control.SF appreciation is solid long-term, but the building needs work.Alternative: Rent a 1BR in SF (~$3,200) and invest in a property elsewhere in NorCal, but I like the idea of locking in SF real estate now.Would love to hear thoughts—good long-term play or too risky with the maintenance issues?

Congrats on landing a solid property which can be used as a springboard. 

$1,500-$1,600 is about the going rate for a 2/2 in most average areas of BR, but I can see where some neighborhoods would get more.Another thing to think about - if the property is sitting vacant right now and you have ready and willing (and qualified) tenants, then the opportunity cost of waiting an extra month or two is $1,550/month.

From all properties we are averaging about $375 per door per month.

And a deal in my opinion is one that will 1. pay for itself(All property expenses) and 2. pay the debt service(if necessary) and 3. put money into my pocket each month.