You betcha it is.Because your financing will be so much cheaper (and higher LTV), you can actually offer the seller a little bit more for the house to secure the deal, and still net the same or more at the end of the day. 85% LTV instead of 70% should let you keep a little more liquid to do the reno, to boot.

As the dollar weakens and rents rise your loan payments will be easier and cheaper to make in future years.

, go with a cheaper property, cheaper rent, minimal upgrades & take that cash to the bank.

In today's hot market, you need to get capital cheaper to reduce one's holding costs.

It might be cheaper than eviction.  

Plus, it'd be much cheaper to tear out in the future if you are forced to since it won't be within your house, and you could put a door on your unit to separate the 2 if you ever wanted to rent it out.

Paying now is always cheaper.

I am interested in investing in the Antelope Valley as property is much cheaper there than other areas in Southern California.

With that said pick your neighborhoods carefully and understand that just because it's cheaper than Brooklyn it doesn't mean it's a good deal.  

Sounds like its irregular hauling though, in which case it would be cheaper to drive a small car and rent a truck when needed.