Investment Info:Single-family residence buy & hold investment in Independence.

However, given rising rents in this zip code over the past two years, this may be a good option for renters in the lower income category as well as for new incoming residents.

Anyone looking at it for primary residence isn't going to pull the trigger with tenants until April.

Great news for the local investors, bad news for the California absent landlords (our software catches/filters by property location and borrower primary residence, there might for example be a lender in California that lends nationwide but requires the borrower to live in their 3-county footprint, and every other configuration of that you can imagine).

Keep in mind that passive losses from rental properties can only offset passive income unless you qualify as a real estate professional.

I should hopefully have an independent appraisal  within the next few days.HELOC will be from primary residence. 

Investment Info:Single-family residence buy & hold investment.

Remove those and the Net S8 Rent will be market rent.Typically, the only way to get more than market rent is by buying in Class D areas and hoping a S8 tenant will live there instead of a Class C area.Keep in Mind: TENANTS QUALIFY FOR SECTION 8 FOR A REASON!

My current residence in Oceanside CA is a half acre with plenty of space.

Best to change the locks anyway to eliminate any risk or perception of risk with the prior owners (or prior residents).