My research shows, even with the growth of the past two years, property values are still reasonable for southern california and there is significant growth potential due to the area transformation.

Certainly you can make money in a market with stable growth, and if you're really good, even a declining one.  

Brookings Institute studied it and says it's the 2nd highest economic growth area (behind only San Jose) in the Nation.

I could close the account and take a penalty but in my case I prefer having a diversified investment and the like your adviser said the fees turn this into a mediocre investment since 20k is looking at 60k-75k turnkey market which can be difficult and leaves you very little reserve.In my case I just decided to wait until I had more and it made sense to move over - and so far its been lucky with my low cost Vanguard ETFs and great market growth recently.

But these neighborhoods are not the best (current growth and development makes these long term holds).

Hopefully this forum leads to a good discussion and provides information that is useful to both new and experienced investors.My company is looking to diversify from the Philadelphia market and become a multi-family investor in various growth markets around the United States.

An asset in a highly desirable area will often have a low cap rate not because an investor is willing to take a lower return, but rather because high rent growth is priced into the assets value creating that low cap rate.  

After acquiring , renovating , and stabilizing the 11 unit deal I last wrote about my company has seen TREMENDOUS growth in a very short time.

Population growth, job growth, demographics, you should be able to quote this stuff for your market off the cuff.

I only put in the request to replace the grass with ground cover because I have replaced that grass several times already and it does not grow.  The