Coming from Oregon I'm sure you're still dealing with culture shock at Bay Area prices but there is a way to do what you hear about in the BP Podcasts.  1.

It is a culture that has taken a while to create and weeding out a few bad seeds, but we have accomplished it. 

I ran into this issue.

I ran the BP Rental Calculator with the assumptions:Vacancy: 10%Repairs & Maintenance: 10%Capital Expenditures: 10%Property Management Fee: 10%Annual Income / PV / Expenses Growth: 0%Sales Expenses: 0% Having never bought a unit, I could definitely use any insights into the assumptions for this area.  

i ran into this also.  

@Michael Hayworth  this is exactly how I ran my foreclosure buying business IN Portland .

The culture at KW is amazing. 

I ran out of analysis calculator uses.

Create a culture and management style that people can appreciate.Think outside the box. 

@Nichole Ovens I ran the 4-plex numbers through an analyzer software I use and even with being  conservative at the 50/50 rule (includes 10% vacancy) AND debt services with a 80/20 loan (5.5% interest rate, 3% closing costs, 1% loan points and 30 year amortization), you still have a CAP RATE of 9%, Debt Coverage Ratio at 1.65, Cash-on-Cash of 15.2% and return on Gross Equity of 17.7% Total initial investment cost: $35,700.