Investment Info:Single-family residence buy & hold investment in Independence.

Investment Info:Single-family residence buy & hold investment in Independence.

However, given rising rents in this zip code over the past two years, this may be a good option for renters in the lower income category as well as for new incoming residents.

Anyone looking at it for primary residence isn't going to pull the trigger with tenants until April.

@Ian Martin It's going to depend heavily on what the home can be licensed for, the finish of the home, and how many residents it can be licensed for.

Great news for the local investors, bad news for the California absent landlords (our software catches/filters by property location and borrower primary residence, there might for example be a lender in California that lends nationwide but requires the borrower to live in their 3-county footprint, and every other configuration of that you can imagine).

I should hopefully have an independent appraisal  within the next few days.HELOC will be from primary residence. 

Investment Info:Single-family residence buy & hold investment.

My current residence in Oceanside CA is a half acre with plenty of space.

Also, some municipalities require that the property be your primary residence and that you live on site to manage.