. @ Dan Rowley, your advice is so simple but spot on.

We bought it because it is in a great spot for long term appreciation and rent growth.Our new house in Santa Cruz County was a deal we couldn't pass up on.

Don is spot on in illustrating the pitfalls, both obvious and no so obvious!

When I do it at 20% down, I can only find negative cashflow, so I could be looking in the wrong spot, or I need to put more down, or I am missing something all together.I have read that making a 8% return or higher is what to look for, and I can find break even.

This was for a 50’ driveway and 4 parking spots.

A lot of people find those lot to build on in their retirement, and in between use them as vacation spots in summer.

It's a great spot in my opinion, especially for retirees.

I was in the same spot about 10 years ago.

The Austin metro was among the hottest destinations in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.Austin ranked No. 5 among the top U.S. growth metros in 2024, and Texas was the No. 2 state for move-ins — bested from the top spot after three consecutive years by South Carolina, according to data released Jan. 2 and Jan. 3.The Dallas-Fort Worth-Arlington area took the crown for the top growth metro in the recent list, followed by Charlotte, North Carolina (No. 2); Phoenix (No. 3); and, Lakeland, Florida (No. 4).

They also stated they only allow three brokers and three cash homebuyer “spots” in any given area, and they only move into areas where they can guarantee at least 600 leads per year.