You also need several factors that will change it's value, like amenities, location, near a good business highway access,  a good school district, good first impression, a good public transportation stop, parking, frontage road access, etc.. 

For example, my lease has the following clause in it:NEIGHBORHOOD CONDITIONS: Tenant is advised to satisfy him or herself as to neighborhood or area conditions, including schools, proximity and adequacy of law enforcement, crime statistics, proximity of registered felons or offenders, fire protection, other governmental services, availability, adequacy and cost of any speed-wired, wireless internet connections or other telecommunications or other technology services and installations, proximity to commercial, industrial or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport noise, noise or odor from any source, wild and domestic animals, other nuisances, hazards, or circumstances, cemeteries, facilities and condition of common areas, conditions and influences of significance to certain cultures and/or religions, and personal needs, requirements and preferences of Tenant.

If I were to be transported back in time 40 years, I'd buy up a ton of SJ RE.But going back 40 years I might also buy stock in a ton of different companies that have shot up since then. 

Folks, search "private lender" topics in the forums and look for my posts, you can find some through my profile page.Need to learn about what you're asking for, who is a private lender and who is a hard money lender and who is an unregulated lender who may be breaking lending laws! 

Owner Expenses: $125Financing: TBDStable market, highly visible location, off-street parking, close to amenities and transportation. 

I'm close to Boston so for some people its not the end of the world b/c of the public transportation.

First they need a place to go, second they need to pack up, third they need to transport their belongings from point A to point B.

If any duplex would become exempt by virtue of an owner residing on site, it is likely that every duplex in Berkeley would eventually be owner-occupied because of the financial benefit that comes with owning a rental unit with an unregulated rent.

And the broker that stole from us, after losing her license, managed HOAs because that business is completely unregulated in my state.

I'm not familiar with the area, but it seems that tenants would need some form of public transport near by or a car.