They have several other LLC's such as Home Partners that purchased properties at low prices and then quit claimed them to Guardian and then Guardian sold them to people who needed to 1031 exchange money into another property.

I was getting worried because I saw the rents in the winter were super low compared to what Rentometer spits out.

Just the last 20 have been so abnormally low we have gotten used to that normal.Folks also forget what started us on the ultra low rate cycle for  the world economy to crash in 2008. 

That is a really low entry price for sure.

I'm keeping this property for the appreciation (in a high demand area with great schools) and low interest rate for now.  

One unit is occupied by a low-income senior not on the Housing Choice Voucher program and paying well below market rent.

In the cities the government got involved in housing and low income housing was built for poor people.

If you want cashflow.. look for markets with low entry prices and higher rent averages.

@Nate Jenks - @Andrew Postell did a great job clarifying the big challenge you'd run into pulling cash out with such a low down payment. 

Silicon Valley job growth in tech and manufacturing, low property taxes, and landlord friendly.