I have owned several single family homes as rentals in my own name, my first LLC holds mostly 2-4 unit small multifamily properties, while my most recent LLC has all 5+ units.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

How long are you expecting to hold and do you have the money to purchase in San Diego?

However, if you hold a 30-year-old depreciated property for 10 years then it's going to be challenging to exit.

Also make sure you are comfortable with some holding costs if the units don't get rented right away (if vacant).Also look into if there is rent control in the area that the property is located.

Sharon, thanks for sharing these stats—Houston is clearly holding strong!

May want to hold tight until things start to loosen up or the property can appreciate more. 

Those willing to go beyond that could be good partners for real estate investors.Traditional banks/Local Banks and non-bank lenders - If they are a portfolio lender, meaning they actually hold on to the loan and don't just collect your payment, then they have the ability to be flexible.

Account for all costs, including closing fees, holding costs, and repairs.

A and B tenants, usually need more hand holding and expect more because they assume that they are entitled to it because they are paying so in rent.