Your money would go even farther in Troy.Another market to explore would be Orange County, NY, which the last time I looked was the fastest growing county in all of New York state.  

. $29M / 12 months / 4 units = $604 monthly cash flow / rentable unit.I recognize this is a somewhat futile exercise as you're comparing apples to oranges, but:If you are looking to hold this property long term and you look at it on a strictly cash flow basis...

As Judge Judy is fond of saying: "if it's not written down on the contract, it never happened"!

Background: I live in Orange County, CA and I just purchased 2 SFRs in Colorado.

Apples and oranges.

Eskimos need ice cubes to trade for oranges in Florida, but if they send then from up north they will all melt before they get there.

Hello im a general contractor in orange county California, Ive had a bad year and my credit score has dropped along with my savings.

A commercial broker who sends me deals from Orange County recently sold a package of condos in Orange County that received over 30 all cash offers.

There are of course a number of homes in my town that have the big ugly orange signs posted on the doors, along with other warnings - Are these posted after the sherriff's sale, and after the homeowner or tenant has been evicted?

From what I have seen the market for these has not moved too much, maybe they're selling for a 7-8% cap now with 20% lower revenue (rent reductions, or more occupancy), versus a 5.5% or 6% cap before.I agree with economics fully, but there seems to be a group of large pools of money that like to plop their money in nice California apartments and live with a lower ROI.So if you have cash and can find a turn around situation for an apartment it seems like a good idea, but buying at market, I wouldn't do it.It is bad of me to compare the investments as it is apples to oranges, but I know what I'd do with my $$ in California...