but generally where we see out of area West coast investors get hurt in the mid west or deep south.. is chasing yield.. without understanding that rental props in those areas price for Risk..in the Couv you have pretty much 2 risk profiles.. you have some lower class type rentals say in Fruit valley area.. but that's about as bad as it gets..

Countertops and cabinets are a bit out of my scope.This is a 3 bedroom, 2 bath unit in a solid B class neighborhood in Fresno, CA built in the mid 80s so solid oak cabinets are what I'm working with.

@Cody HarrisI love mid century modern homes.

Find a small/mid-size operator in a market you like and do your diligence both on and offline.  

There are a number of duplex’s in the mid 300,000s that you could add value to, but if the down payment is the hurdle I would aim to purchase a sfh with a suite or a home that could accommodate a suite.  

A CoC ROI in the mid teens or better, with traditional financing, 25% down.Make sure you adjust your debt service numbers, they'll likely be $100-150/month higher than what you used.

I think the article puts it into perspective what why and how SF and peninsula can command prices that those that live in the mid west deep sought or other areas were median price homes are in the 150k range.. it maybe allows them to understand why.. and why it wont come crumbling down.. keep in mind the move up.. anyone who bought in mid 90s has a few million in CASH equity. as well. 

A class is 120k +, best schools, best neighborhoods.B is 80k - 120k, worse schools, mid-range neighborhoodsC class under 80k, older neighborhoods or underdeveloped areas with the highest cash flow. 

I'm looking anywhere from a duplex up to small- to mid-sized apartment buildings to partner with people on.

I renegotiate with my landlord mid-lease, and now I vacate half of my space and pay $2,000 instead of $4,000 per month for the remainder of the term - say 10 months.