All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

So assuming your son has low debt, then he should be able to qualify for a house in the low $300K range. 

Originally posted by @Mike Lambert:@Jon Latorre$100k+ sounds nice but it's not the same return whether the property costs $2 million or $5 million.My question was what is the typical rental yield range?

The market is affordable, with properties in the $100K - $150K range (or lower), which allows for scalability, just like you mentioned.

It can range from simple touch-ups to more extensive setups, depending on your needs and budget.How Does It Help Me Sell My House?

When the market was in the toilet after the great financial collapse, multifamily cap rates were in the 6-8% range. 

Might be worth considering in areas closer to central san diego for more options especially if you want to be around $1M range.

Garage parking, full privacy fence, and second living area or bonus room would all be needed to get on the higher end of that range.

I am working on two others in the $350,000 range with the same ratios.

You might be somewhere in the 85% of purchase range without an exception.