No maintenance or other issues you would have with SF or TH.They key to buying condos is understanding the documents and fees and determining if any special assessments are on the horizon.

There is also another big project on the horizon.

Funds work well for an investor who has found a sponsor that aligns with their values, strategy, time horizon and deal structure.

Things like "yeah I see why you like the theoretical numbers on 123 Main St, but check out these income numbers for the area, median incomes aren't keeping up with inflation, which means that over time your rent might be forced down relative to inflation, and you told me your goal is buy and hold with 15+ year ownership horizons.

Especially with the new Land Development Code on the horizon. 

I do think California properties have great appreciation potential if you’ve got the money, especially if your time horizon is far enough away, but Its awful for cash flow with lots of short term uncertainty.

I know that 11-year time horizon looks attractive, but think about what you can do with an additional $100k over that 11 years.

Horizon Real Estate is the firm I am licensed with.

While I don't see a down-turn on the horizon, I'd rather be safe than sorry, and what I don't want is to be holding the same exact product everyone else is in sycj an environment.

I did notice a couple of things: those numbers appear to assume that the property is move-in ready, no obvious repairs are on the horizon, and that you already have a tenant and a property management company in place.