Being that it's septic, I would wager the expenses would be closer to 35%, so your figure of $819,000 should be more accurate.

Even that can be difficult, in my opinion, as it requires you get gross rents of about $1700/month, which is pretty high for many areas of the country, including yours I would wager.  

It’s a wager on the gentrification momentum continuing its inexorable progress, as people who are getting priced out of the safe parts of Oakland want: a) safety, b) BART station and c) a modern house.We found a lender who will finance the costs of construction (100%!)

Private sellers i'd wager it could make a difference but asset managers don't care too much beyond 10%

I'd wager you're better off forcing yourself to be involved in the scheduling and the process.

@Eric Lee Nation    I did ins claims in another life for 14 years - I do not recommend that EVER as someone's employment but I did learn a few things.Here's 2 things agents or no one will tell you -- your Replacement value (RV) on the house is JUICED up way higher than what's realistic -- however you have a relatively inexpensive house so it's not much of an issue - but typically the reason they juice the RV is to get your wind/hail deductible higher -- typically 1%, 2%, 3%, 5% of RV is what your wind/hail deductible will be even if you had a $1k or whatever other deductible they offer for any other peril -- so follow me for a minute - you bought a rental for $150k -- they've juiced the replacement cost to $250k the most likely loss in KS or the midwest in general is going to be wind/hail --- the math actuarial nerds do this so the casino or the ins company in this case has the upper hand -- do the math what a 2% or 3% deductible on a $250k house will be -- I have a commercial building insd for over a million -- the lowest wind/hail ded they will give me is 5% -- the only reason I have ins at this point is I'm required to -- the wind hail coverage is worthless to me with as high as the deductible is.Anyways with that out of the way - ask your agent if you have a 3% option - at that RCV cost they figured of $99k that wouldnt be much different than the $2500 all perils coverage you have now -- Also I'd wager as someone mentioned dropping the med payments to others coverage -- it probably wont make a bit of difference in your policy cost -- I could be wrong - but I'd guess $25-50 dollars a year -- your coverage is the price it is due to the perceived wind/hail risk the company is putting on KS.I'm with Big Red and have been for a # of years -- your price to insure that house is on par with what I get from them for that replacement cost -- though i think State Farms game is a bit different they really jack up the Replacement cost so I have higher wind/hail deductibles -- I'd make out good if the house burnt down or a tornado destroyed it - but for a hail claim there wouldnt be much there.

On balance, after more than 25 years here, I am willing to wager that far more people have lost out more by waiting (presumably for the market to drop) than those who lost by buying at "the top" of the market. 

I would wager that there's someone in Mike's group who currently invests in storage in the Provo area.

I'm not so sure about WA, but being a high cost coastal state I would wager they're none too friendly.Generally if you google around you can find guides as to what that all means, as well as how to determine if a particular state or market is good for investment.

It is a value add prospect so I am wagering on the latter, but I don't know until I complete more due diligence.