It will bring in heightened rents ($800-$900/unit) and will appraise out somewhere around $250K.

I am sure  some savvy pro BP member can enlighten me on this area of real estate (sounds lucrative).

This post was to enlighten CA investors that there is CURRENT properties for sale with positive cashflow at 1% or greater along with appreciation of 10-15%.

Do so with your eyes open and have your exit strategies planned out in advance.. but Stockton is not another Sacramento.. not from what i've seen.Thanks to everyone who's posted on this thread, its truly enlightening to hear everyone's opinions.

My experience was very enlightening and I know a bit about the guys behind F.B. and I think that they are pretty smart and successful guys.

Strauss, I am once yet again enlightened by your comments and I wish to acknowledge and thank you for them as well as apply them in my life of success.

Each "Member" of the LLC has to make some form of contribution to that LLC to be a Member pursuant to the Operating Agreement which does not violate any SEC Rules...at least none I have read so maybe someone can enlighten me with the SEC Handout, Publication or Guide number that contradicts that statement. 

But we all ask questions on these forums hoping for enlightened answers that can help us.

Everything has been helpful and enlightening. 

It may be too small for them to mess with and not cost effective to you but the conversation may provide be enlightening.