I’ve noticed that most of the listings on that site in SF have average at best pics which i was shocked by (I’m sure this is not your wife).

It’s a great way to lower your living expenses while gaining experience as a landlord.

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)

I've had my share of expensive lessons.

Its free and clear so the expenses will be minimal to hold it for a few years.

The average Section 8 rent for a 3BR house in Jax is around $2,000.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Given margins are so thin, the misalignment of interests should give more out of state investors pause because many of these vendors will try to make up margin at the investors expense.

@Cody Ford Without having specific expenses and the 4th rent amount I can’t say for sure if I would pull the trigger on this property.

We've averaged around 7% for mortgage rates for the past two years now…I think if we can see a settling somewhere in the 6% range, if not sub 6%, we will see nice consumer confidence not only for home values, but rent values as well.