As Glen stated, a very wide spread on potential square footage cost.

houses seem cheap there, same question for riverside ca.

We also buy in surrounding markets where we have achieved up to 1.5% projects.Bakersfield will be the 2nd fastest growing market in California (behind the Riverside area) for the foreseeable future.

Quote from @Glen Wiley: Makes me think of that line from princess bride..."

Quote from @Glen Wiley: It might help to make sure we are all using the same vocabulary.

I'm also local in SoCal (I'm in Riverside) and I lend in Tennessee.

I went to the county assessor/clerk in riverside & San Bernardino, & they said they no longer have data like code enforcement, etc. they said they referred all that data to Parcelquest.com.

Also I own property which is conventionally financed in Riverside CA.

Quote from @Evan Hopple: @Chetan VihiteI invest in Columbus, a MTR near nationwide hospital would be a great option there are so many good ones too. riverside, mt Carmel, nationwide, OSU, ohio health, columbus has some great places for this strategy I just think personally LTR are a little easier to underwrite. try convincing an appraiser of your plan for an MTR. it's important to understand underwriting 

Quote from @Glen Wiley: I use both apartments.com and Zillow to receive rents.