Just the last 20 have been so abnormally low we have gotten used to that normal.Folks also forget what started us on the ultra low rate cycle for  the world economy to crash in 2008. 

It’s also important to really get to know the neighborhoods you’re considering.

You can sidestep most of the headaches if you stick to these five golden rules:- Know Your Market Inside OutTake time to research neighborhoods, property values, and what buyers are looking for.

If you want to scale using the BRRRR method I could send you a list of properties in terrible Philadelphia neighborhoods where you could easily complete the BRRRR and yes, you could theoretically "scale".

OH ya the sf neighborhood were top earners billionaires multi millionaires and same with Tiburoun maybe not billionares but very rich. 

One unit is occupied by a low-income senior not on the Housing Choice Voucher program and paying well below market rent.

At the time there were limited 3 BR rentals in the neighborhood, but achieved such high rental rates the properties ended up performing better as rentals than as a for sale project.

But, ultimately, it could work if you don't mind a low ROI.It could make sense if you look at a lifestyle rather than an investment purchase and you're just happy to cover your costs.

I'm keeping this property for the appreciation (in a high demand area with great schools) and low interest rate for now.  

City National Bank has a $50K grant program for homes in certain neighborhoods.