All of the multifamily I have looked at in my area are not profitable due to prices being much higher than rent currently.

On top of that, maybe market rent is at or above what S8 is willing to accept. 

Hi BP.I have a tenant who has NOT paid rent for this month (August), rent is due 1st of every month according to lease agreement.

San Antonio is hot in the summer.I will compare my return on San Diego purchases against any market, but if you plan to buy rent ready, I think many markets will beat San Diego in the short term.  10 years or more out, I suspect few markets will beat San Diego.  

With that strategy, I'm not a real estate agent BUT I am also reading a book called "BUY, REHAB,RENT, REFINANCE, REPEAT.

Owner occupied loans have allowed us to purchase properties in markets with heavy appreciation, and potential for huge rent increases.

If you sold let's say for $460k net and you've rented out the property for a little less than 2 years, you'll have some minor depreciation recapture.

Then go through rent up phase, the 24 months is pushing it.g.

The question to ask is:  Is my housing cost better by househacking vs renting.  

I have changed my rental strategy to Co-Living (rent by the room).