Every now and then you can find a gem, but it isn't easy. 

buy SF with ADU in san diegoSomething like that here in San Diego would be insanely expensive unfortunately  Or find building with 5 rooms , and create separate entry …maybe I am the only one that can find all these hidden gem in Bay Area lol

The intangible benefits you get is an education on the sewer line for that property specifically and of that vintage generally. 

This is a rare gem that seems almost surreal in Coastal CA.

To kick things off, here’s my story: I once opened a wall expecting to find the usual mess of old wiring, but instead, I found… a collection of vintage Pez dispensers!

Renovated kitchen and bath along with renovation on 100 y/o hardwood floors and new roof to make this a downtown Concord gem.

Hoping someday to have the working capital to flip MF as well and when I come across a cashflow gem I'll hold it long term.

But let's assume this is a gem deal...If your DTI being 5% too high is your bottleneck, can you pay more on some loans to get it down?

I also buy vintage decor - old wooden canoes, bear rugs, fishing gear, etc.All of these things are found on Facebook Marketplace with some patience.

@Mark WalkerCap rates vary by asset class (A, B, C, D), condition, and vintage of the asset and the market, to name a few things.