Maybe they are located too close to Rich Weese's new construction and Rich is getting their clients :)

Reassess this number every five years based on the performance of the property and the amount of debt left on the property.If you do this properly, all your surprises will be good ones.If, on the other hand, you are speculating in zero-cash-flow properties that you believe in your heart of hearts will appreciate and make you rich, I wouldn't feel confident saying that you are investing in real estate with FI as a goal.

@Jaleel Phillips thanks for reaching out -- with the numbers below it should bring it into focus @Richie Thomas thanks for that info -- I actually own a duplex in town so I'm familiar with the area.

@Lionel Mosby Jr I was going to get a conventional loan and use it as a primary for the first year

Rich is correct, house hacking is a great idea.  

RICH is a good place, and I was actually at their meeting last night.  

Mark A.I am not a 2nd or 3rd generation of super rich, I am just an average employee in Silicon Valley, making what would be considered a very slightly above average salary...I bought a handful properties in San Francisco starting in 08, the previous peak, and was losing $1000/door/month for 3-5 years...

@Lionel Mosby Jr Hi Lionel, thanks for your response.

For the newer homes, prices seem pretty rich...I think the ones by the bridge on Hampton are $500,000-$600,000 now...the 3 story nice/newer ones.   

It took me a number of months but I eventually found a few underwriters who agreed to trade a bit of their wisdom for an hourly rate.I offer 1-on-1 guidance not because I plan to get rich (I didn’t take a gigantic leap into full-time investing only to give myself another day job)… but because it’s something I wish I had.