Higher Property tax.Not sure if I have consider Property tax as risk as that is the case in most of the surrounding towns.

If that is the case in your area also then I would catch this one out and find rentals at 1%.

Many people think it has to really be your first home and that is not the case. In

Now, this was the case in December 2013 when I closed on my FHA mortgage for the triplex I own and still live in. 

But, just one more thing...I have family in Barstow, CA which is about 2 hours North of LA (halfway between LA and Vegas)... they have maintenance and management experience so I'm interested in making more of a play for units there...it's not the nicest city but it's: 1) drivable from LA 2) I have family I can trust to maintain and manage 3) Rents have the ability to give cash flow over and above mortgages which is generally not the case in LA (at least that I've found so far)...sorry so much info, looking forward to reading even more each day.

is that the case in your area?

Case in point.

I guess that's not the case in real life.

Case in point, 302 Fairfax which has one extra bathroom (for this area, I would add at least $6k in value for it) and 160 less sq. ft. which would put a competition value on sub property as $75,724.As for solds, there appears to be only two withn the last 6 months: 539 Woodhill Cove sold at $83,900 ($61.47 per sq. ft) but is much smaller so cost per square needs to be adjusted dramatically and 965 Barclay which sold at $60,000 ($36.19 per sq.) and close enough in comparision size.

You may well have some in your area, I don't know of any condo project in this area where that is the case. In