We've ivy league, medical, HBCU, engineering, sports etc higher education right in our town.

Few modifications on my personal investment;1 paid cash so mortgage2 remodel cost ~$500 in paint3 property management being done by me, no recurring expense4 tenant covers all utilities Result, income = $1650/mth less costs of insurance, taxes and maintenance of about $400/mth generating a net of $1250/mth.

The 2 things that stick out for me are the fact that you have utilities to pay, and this is a C/B area.

In Massachusetts, I utilize Trusts and then sell off the beneficial interests.

Right now, there are 3 4-plexes in my market that can be bought as a package for around $400,000. 2 of them are brick low-rise buildings with separate utilities.

Mehran - you mentioned using a buy and hold strategy - are you utilizing this more as a cash flow, or appreciation model?

Change the utilities out of their names?

What are the annual property taxes, who pays the utilities (water is usually handled by the HOA, but not always), and does the HOA have adequate reserves to cover major repairs like roof replacements and street resurfacing?

, I love watching movies, sports (San Diego Chargers, Lakers, and BYU Cougars), and reading John Grisham books.Like a lot of others who live in Silicon Valley, with a goal of purchasing cash flowing residential real estate, I am trying to figure out where to invest.

I did a FSBO in 2008, and I tried to utilize everything I could, including a couple of websites, that listed my information on various other websites and it was a disaster.