Specifically, we are looking for: Property: a small multi-family (2-4 units) one unit to be at least a 3 bedroom / 2 bathroom stand-alone house which we would occupyadditional unit(s) which we will manageLocation Options: While we’re open to a number of possibilities, here are the target areas:the South Bay area (Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, Rancho Palos Verdes, Lawndale, Gardena, Palos Verdes Estates, San Pedro, etc.) the Pasadena area (including Alhambra, San Marino, La Crescenta, Montrose, La Canada-Flintridge, Glendale, etc.)some areas might also be nice and/or on our wish list, but are secondary to what's listed above unless we found a great opportunity (Santa Monica, Pacific Palisades, Burbank, Sherman Oaks, Studio City, Santa Clarita, etc.)Financing Options: We’re open to a number of financing options, including partnering with an investor, using private/hard money loans, and other creative financing suggestions. 

And my wife loves the Pacific Ocean so we're sure to do a few beach trips each year whereas the ocean in Texas simply doesn't compare.As I said we loved Texas and both Austin and San Antonio are wonderful cities, I thought we'd never leave. 

I just had some maintenance & repairs done to the house:- $220 to replace A/C drain pan and overflow plug.- $85 for a "Spring A/C system check".- $1050 to replace a 40-gallon hot water heater (in the attic).Last year:$ 450 to replace fan motor and capacitor in Condensing unit outside.How do I know if those are fair costs?  

Thanks guys for the help if this deal doesnt pan out im always looking!

May make sense down the road to think about the rehab and flip as an exit strategy if Brie's suggestion to wait for commercial appreciation doesn't pan out, or if the current tenant bails, but not now, not at your numbers in my opinion.

So if you can make it on Friday at 4pm Pacific (5pm Mountain, 6pm Central, 7pm Eastern)- I'll be talking about "How to Find Incredible Real Estate Deals in a Competitive Market" and it should be a blast!

Housing is just one component  and you cant dismiss the pressure on Real Estate that comes from the Pacific Rim..

Does it make sense to move forward now, or should I wait to see how the eviction bans (Fed & States) pan out moving into the summer?  

DM me if you want a couple of examples of that, we've got some recent creative deals that panned out well in this market!

Many of the late '90s/early 00's projections have already failed to pan out.Look, if you wanted to argue that climate change would exacerbate drought conditions in CA, to the point that Southern CA would be a declining market in 30 years, I think maybe you could make that point.But to argue that the Midwest will somehow become milder is simply not supportable.