With rents running $2,600 people compare them to fancier Manhattan units.

@Paul Caputo good point, abandonment studies are often not done at all as they fly under the radar a bit as compared to cost segs.

It's not cheap, but it looks relatively cheap compared to stuff in Culver City, Westchester areas and of course way cheaper than a place like Venice Beach.

I wrote the above for informational purposes.

I like to think I run fairly conservative estimates (at least compared to the projections we use where I work).

However I do plan on living in the property temporarily so if I use traditional financing I can get into the property for as little as 3% down ($2400 compared to $40,000) with the current interest rates at around 4.75% for 30 years.

I'm looking to rollover my 401k into a self-directed IRA for the purpose of investing in a note.

I would put it on the tenant, mainly because for financial purposes they will have to take over those payments once the house is theirs anyways.That being said I know my HOA does not allow transfer of fees to a tenant so I have to pay myself every month.

@Yer Xiongkansas City is much better for cash flow compared to sacramento.

@Hae Sun YiThe whole city of Chicago is hard to compare directly to a town like Naperville as far as rent values, property values and taxes because the city of Chicago is so large and diverse one neighborhood compared to another is really like comparing Naperville to another suburban town.