Hi @Charles Seaman I’m looking for decent areas, Class A,B maybe C depends on the demographic and I’ll be very active for a few years then look for a property manager.

Cap rates are going to vary highly dependent on:Asset class type (A, B, C, or D)LocationRecent updates vs deferred maintenanceThe expense ratio is also difficult to answer with a specific range as the property condition and local vacancy rates will better determine expected returns.  

It's a B class property.

She sends me a BS service animal registration.

Banks frequently require the property to be occupied during a short sale abs renting it out fulfills this requirement.

This is from a listing that I saw from a turnkey provider that described the property as a B neighborhood.I took a few screenshots from google street view.

@Jay HinrichsI have a handful of 2% deals in a B area that i renovated and have basically zero maintenance/cap ex and self manage that don’t really cash flow and little to no appreciation.

@Daniel LehmanYou can potentially buy up to $1,000,000 in real estate if you get 80% loan to value mortgage.I would prolly aim for for a little less in total value so you have some funds as a rainy day fun and to also have a budget for repairs/improvements.I think it is a good idea to diversify your assets at this point in the market.I would like to see if you can get 2 3-4 unit properties in a B / B- / C+ class neighborhood.You instantly reduced some risk by transferring 2 units into 6-8 units.on a side-note, I really like San Diego.

Also, better properties in a B class neighborhood with B class tenants means less headaches and stress that keep you up at night when you’re hundreds of miles away.

Having multiple layers of middlemen ear up any spread you may have.Dual representation is when the list agent representing the seller also represents the buyer.In a double closing (which there are two types of), the purchase transaction between the buyer and seller is A-B and then a day or two later, the transaction between you party B and your end buyer (party C) closes.