Based on my own $300K+ rentals I think $2,000 to $2,200 is very doable.I know some people consider appreciation just the icing on the cake but you need to also consider appreciation as a part of your overall return on investment.

Piece of cake, right?

Hi Marcus, Unless depreciation is needed to offset other income in the entity, it is only the icing on the cake!

If the property doesn't cash flow or appreciate it doesn't matter because that's icing on the cake for him however he won't be in business if he doesn't provide a return.  

On the bright side, I would suspect that your first flip will be a piece of cake compared to this one.  

I am looking to house hack my first property, and my buy box criteria are below: Buy Box #1: CA SFR w/ ADU or Duplex (Multi-Family) Class B, C Areas Price Range: Under $620K Light Rehab or Somewhat Turnkey Areas I'm considering: Long Beach, Seal Beach, Anaheim, InglewoodSan Diego County  Close Proximity to Hospitals, Ability to rent 2nd Unit to Travel Nurses, MTR 1.

They tend to want more than full-price and are doing a FSBO to avoid realtor commissions (they want their cake and eat it too).  

You can also buy a place right on the Albemarle county line (think Afton, etc) … if you can find one - they fly like hot cakes.

They are now researching.It feels to me like the IRS is trying to have their cake and eat it to.

So there is a huge supply, every one wants to get part of the cake of the increasing touristic destination Tbilisi.