We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

All 17 or however many sellers want to sell, and we've agreed on terms for seller financing, but the problem is no one cannot get in touch with the last reminding person.

Each town has its own benefits and drawbacks, so be sure to research them based on your rental approach.

You state that you have 20% - 25% equity position for safety, but you don't based on the information you gave. 

The real power of single family residential comes with stable, consistent markets that chug along, have good rental base/demand and growth potential. 

I never choose anything based on price.

I would not touch the brokerage account until you are maxing out everything else you can. 

hey David,As a broker, I have several options if you're looking to only touch the equity in a second position lien on investment property. 

That way you have a home base that isn't sitting vacant and you are producing income. 

On the inside, our popular furnishing touches include a neon light up sign and a very comfortable pull-out couch enabling two extra guests to maximize the occupancy.