I chose to buy it from the turnkey catalog because it has a high cap rate & was under $70k purchase price, has stable rents in a B/C+ area, and in a quiet isolated plot of land on top of a hill.

You might have bought a higher cap rate but tenants and quality of location might not have been an A.For location you can have A,B,C,D and tenant quality (mom and pop tenant single operator, mom and pop tenant multi-unit operator, franchisee single tenant operator, multi-franchisee location operator, national tenant (private credit), national tenant (publicly credit rated but not investment grade), national tenant (investment grade).Then you get into how many locations or type of credit is backing the lease and a ton of other factors. 

No but I lived in a B class neighborhood 

Here we go again:https://caanet.org/votervoice/A new legislative proposal in response to COVID-19 would force every rental property owner in California to reduce rents by 25%.AB 828 by Assemblyman Phil Ting ignores the robust rent and eviction controls already in place statewide.

@Malcolm Cotton I would say make sure it is a C or a B class property, from your numbers it seems to me that it is.

@Mike McCarthy sure thing, I was referring to B | C location with A | B unit.I think that we all agree on positive cash flow per unit when the unit is in good location and in good quality.

As we know, we can sell a stock or bond with a mouse click for immediate cash, that’s far from the case with real estate where it can take months longer.Whether the spread of return between 10 year T-Bonds and Class A, B or C properties was enough can only be identified in a case by case basis.

If it's a B or C class property in a B or C class neighborhood with low crime and acceptable schools, then I personally would expect rents to go up in Vancouver, and in Clark County as a whole.With COVID19, do you expect home prices in that neighborhood to go up or down in the next 13-24 months?

@David CervantezTransactional funding is a short term loan used to fund the acquisition (ab closing) in a same-day double closing so that you can subsequently sell to your end buyer.

My second choice neighborhood is Elmhurst, and would be perfectly content in this neighborhood, though I've heard recently zoning laws have changed for the R-2 zone to restrict 3+ unrelated people from living in one unit.Any insight on financing in RI, different neighborhoods, just a hello from fellow Rhode Islanders, and any advice with the market the way it is as it relates to buy and hold house hacking in a B+ to A market.