Total number of people that would occupy the apartment5.)

With that being said, appreciation is certainly something to always consider here in SD.Example of current property for sale, $1,800,000 asking price (25% down) - 4 units $10,200 total monthly rents (pro forma) - rental market has seen softening as of late$9,770/month after assuming 5% vacancy rate.$8,981 mortgage at 7%$2,918 expenses monthly 33.38% of Gross rental income (Prop mgt, maintenance reserve, utilities, Prop Taxes, Insurance, other)$6,852 NOI/monthly ($2,129) negative monthly cash flow..Same scenario with 50% down, $864 positive monthly cash flowNot saying it's the best use of capital or the only way to do it, instead providing an example using an available market opportunity to share what the numbers look like. 

Feel free to message me and we can talk offline

If you want please feel free to add me to your Network would love to be part of the team and I am always happy to help and offer advice or tips on my side of the finance part of things!

I was involved in two small infill developments in Michigan (about 15 houses in total) so two very small parcels. 

Feel free to reach out anytime.

So the total return is probably better than just the 'cash flow.'

It frees you up to focus on living your life and acquiring more property.

The lease cost is about $100 usd for the last 5 years total.  

Feel free to PM me if you’d like to discuss any in further detail.