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

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?

Inventory is scarce, rights are high.You should definitely pick a market you know and can go to. 

As I expressed on the phone and I have already spoken with Rick as well, I am confident that we have the inventory that meets your needs to build out your portfolio in a faster time frame.  

Instead of one large loan of $50 million we hold in our portfolio 27 loans ranging in size from $750,000 to $5.9 million.  

Guide to Kansas City Zip codes B+ zipsBlue Springs 6401564014Grain Valley 64029Lee’s Summit 640686406364081Raymore 64083Kansas City, MO 641456411264101Liberty64158Northland 64152641516415464155Shawnee Mission 6621766216662196621566210Olathe6602666061Prairie Village 66205Gardner 66030B zips Kansas City, MO641056411464111Kansas City, MO641376413864108641116413164110Independence: 640556405664057North Kansas City64119Overland Park/Merriam 662026620366204662146621266214B - /C+ zipsGladstone64118North Kansas City64116 64117 Independence: 64052Raytown 64133Grandview 64030 Belton 64012Kansas City, KS6611266106C zipsHistoric Northeast:6412464123Kansas City, MO6412964130641096413264134Independence: 640536405464050Kansas City, KS66102661036610466105Riverside64150D zips Kansas City, MO64125641266412764128Kansas City, KS66101Median income is certainly a big part of it, but even in the $50k range, I would still put that as B- at the best.

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

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

Total is ~$1,720/m nearing yr 7 of 30, so principal payments only in the $500/m range right now.Thanks again!

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