It is going to get water splashed on it all throughout the shower.

Thanks Jay...and likewise with seeing you and Chris still offering assistance in these murky waters!

What's even scarier is the same scenario I described gets the general contractor license that can complete a cosemtic rehab, the scope of work that @Anthony Theokary is proposing and a 50,000 SF ground up podium building with complicated storm water and utility connections.

Likely the roof and the HVAC/furnace will be the biggest expenses that might occur but a hot water heater here, a clogged toilet there and suddenly the bills start adding up.

New $15k playground, pavilion, new water lines, and storage units.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Alameda would be more expensive though but pretty diverse tenant pool between military and people who work in Oakland/SF

Like maint tickets vs just texting you;   Hey Curt theres water under the sink.   

When you go to sell, selling a downtown condo is possible of course but takes longer because it appeals to a smaller buyer pool than most other types of residential real estate.

Are there specific neighborhoods that you have found that fit the criteria with a decent tenant pool?