Maybe it is issue with the rent price or I am thinking since it is not listed on MLS, I am not getting full exposure, Monthly rent is $2100. 

Asking price: $399k.Purchase Price: $389k (concessions came off the price rather than as a closing credit that would have reduced my closing costs but saved the seller almost $1,000 in commission, excise tax and capital gains).Appraised Value $450k (appraiser verbally said $500k but limited his exposure on paper!)

:)I bought 2 fresh water, southern exposure, canal lots in Cape Coral about 6 months from the peak of the last housing bubble in 2007.

At the same time, we still have robust insurance policies in place, and even though we have just a few properties, we're already set up to scale easily without increasing our exposure.  

Combining these strategies allows you to mitigate market risk and reduce debt exposure while maximizing cash flow and still giving you the opportunity be in acquisition mode.

@Kim Meredith Hampton @Andrew Johnson @Nathan G.My logic is that the more properties I have the more exposure and chances of me filing a claim may happen.

This way I can keep living/renting in bay area. and get my hands dirty by buying something reasonably priced, and get some exposure to real estate before I can move onto a bigger project.I would love to hear what experts here think of my plan in gaining some real world (real estate) experience.

Lenders do not like to make deals with people who have not skin in the game and try to limit their exposure.  

100% homes in west coast have termite exposures.

After a year in operation with a high exposure level to personal injury I am still learning.