Hi BP community,The property is located in Northern California, specifically in the Bay Area.

If the location is an A but the tenant paying higher rent was a B or a C then replacing the location with an A tenant at slightly less rent in some cases you can actually increase the value.Example if you had an (A) location QSR but tenant was Burger King franchisee and they went out the Burger King might sell at 7 cap.

Owned land is being sold at near building cost or a bit above building above cost (this is CA mountain building costs).  

Hey Kris,I totally get where you're coming from—I live in California, and it's a similar story here.

I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k.These markets are particularly appealing for novice investors, especially those from California, as they offer more affordable options compared to local alternatives.

It takes a long time to build wealth in RE 15 to 30+ years from the California investors I talked to. 

Hi guys, this is a really interesting forum, also the other topics, however I hesitate to pay ca.350/yr to use it’s full functionality.

You want to be able to wash a king sized comforter easily which the 4.5 does.

Thanks for the reply :)  Are there rent caps in California? 

It’s so serious that, beginning January 1st in California, any lender who knowingly originates a consumer-purpose loan misrepresented as a business-purpose loan can face criminal charges and jail time.