We made an offer on a fixer in So Cal - OC for a moderate area and semi fixer.

Quad City CleanersThey are a one stop shop for turning units and light to moderate renovations (painting, cleaning, carpets, light rehab, moving, duct cleaning, power washing etc.).

We have 5-6 additional tenants that face a more moderate risk because they have mitigating circumstances (savings, family support, jobs unlikely to be impacted, paid time off, &/or youth and good health).

I have 3 of my unites under section 8 and I am about $500 below the marketHere is the text on the billHousing restricted by deed, regulatory restriction contained in an agreement with a government agency, or other recorded document as affordable housing for persons and families of very low, low, or moderate income, as defined in Section 50093 of the Health and Safety Code, or subject to an agreement that provides housing subsidies for affordable housing for persons and families of very low, low, or moderate income, as defined in Section 50093 of the Health and Safety Code or comparable federal statutes.

He is moderately affluent but suffers from a vague dissatisfaction with his life. 

The newly elected Housing Court Judge has removed all the moderate magistrates and replaced them with legal aid society lawyers.   

This year- after a year with only very moderate growth I really want to refocus- remember why I started doing this to begin with and figure out how I can scale the success I've had so far! 

But, when it comes to real estate I believe in moderate leverage. 

The investment looks like:- a 4.5% cap rate (assuming 30 opex ratio) -that would be debt service coverage ratio constrained so likely 40% equity and 60% debt-low cash on cash rate initially (2% )- high rent growth 4%+ - high exit sale priceThe property won't cash flow significantly but the IRR much higher than the cap rate of 4.5%It's a low risk, moderate return investment.You're still making money but you need to be patient and need to wait to harvest value from the resale.

BP moderators: the image is in the public domain.It just looks like we're talking about the wrong things here.