Looking for opinions and discussion.Here is the description:22 Units composed of 8 - 2/1.5 and 14 - 2/1100% occupiedMonthly Income = 11kMonthly expenses = 4kNet Monthly Income = 7kAnnual Net Income = $84,000$925,000 price makes cost per unit $42,000Located in Central Valley of California As I said before, looking for other investor opinions and discussion on why you would or would not consider a deal like this.Thanks!

From your description, I can assume that this is an elevated foundation.

I mean, we could all just chug money into our 401k's and let Fidelity or whoever control our retirement... most of us are willing to do the extra work of being a land lord or RE investor to boost our returns... by that same token, why wouldn't we be willing to be a bit more geographically mobile in our investments to further boost those same returns?

Sorry to hear you troubles Nate.I CRINGE when I always hear an investor say I bought a "turn key" investment.So far I have never heard of one turning out good but I am sure one exists.Those kinds of repairs costs can be normal.Especially if you have an older property that is being rented out more things will go wrong on a daily basis and it will be more management intensive.The item in your management agreement I am sure will be deemed and enforceable part of the contract unless it is deemed "vague and not descriptive and un-enforceable" by a court of law.Often these "turn key" investments are not deals at all as capital reserves and upfront repairs are misrepresented.I equate it to "lipstick on a pig".

This is the description with one of the short sale town home that I am interested in buying in CA Bay Area.

Then he sent an inspector to make sure I was within his description of 90%.

When you say "this market" that is a time relevant as well as geographical relavent question.

The numbers that cannot be disputed - location, legal description, taxes, quoted insurance costs, construction type, occupation status and current rent.

From the description, I'm guessing this is crop insurance.

Different geographical locations2.