It is a OLD house with some great charm, and some not so great charm:)Also, the kitchen is our  biggest "problem area" with a large brick fireplace taking up room.

It is amazing to see how all children are great learners naturally and our education system completely suppresses that in most of them.

I actually like the high property taxes because they help to suppress property values, and I don't value appreciation that much because I want to make money at the rehab/turnaround phase.

Works like a charm!

Works like a charm and I spend my time analyzing the bottom line instead of entering numbers.

I tried this with one of my properties and I gotta tell you, it works like a charm with these particular tenants (college aged, but not in college).  

Not quite the 2% rule, but it is close (1.7%).Because of this, I've been looking in cities around Orlando where prices are still suppressed.

Condition is superior, 3 units with a wider lot and more architectural charm.

The fact that it's new should definitely be passed through to the rents but things like fire suppression that we are now adding probably won't have any bearing on the new rents since tenants (at least the residential ones) wouldn't care about that.

There is a community fee (HOA) but it is nominal at an of ~$22/mo I ran the numbers on the above project and we would have made money as a rental or a sale - I estimated a rental price of $3,000-3,5000/mo - at least breaking even as a fix-n-holdI am a big fan of Encinitas, and if you have the budget I think this is still a great community to invest in - The property values throughout San Diego remain on the rise and as people within San Diego and beyond realize the charm in North County the desirability and value will remain on the rise -And if I think back to the last crash, Encinitas didn't depreciate much, it may have stabilized, but it did not fall with the crash.