The house is older and likely would need upgrades and repairs to get into a good shape, and the neighborhood is not very desirable.

I'm not sure if a home on piers is more desirable or not. 

I live in Charlotte, NC and think there are many opportunities here especially considering we are having migration to the area and it is a very desirable place to be while still offering affordability. 

“San Diego will not be immune to forces slowing the housing market nationwide; however, strong job growth, constrained supply, and desirability will help San Diego weather the storm better than most markets across the country.

It's not appreciating, but it cash flows well and I have property management I'm very happy with.All of this is going to come down to your time, goals, energy, desired results, etc. 

It is in a very desirable area with high rents and is in pretty good shape, but it is expensive.

It also makes the property less desirable on the exit when it comes time to sell.

East side historically is more desirable and has appreciated because of that.

Does this lender facilitate a loan program that will yield you the desired profit from this specific deal?

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