One thought is to look for the "gratis" industry magazines like "Coastal Living" or "Dream Homes" (San Diego) sitting out in front of broker offices or similar venues catering to this segment.

I was looking to buy a 2-4 unit dwelling with two buildings. One of the buildings is a manufactured home on a permanent foundation (made by a company Hallmark) built in 2004. This one conforms to HUD building code and...

If it's in a different location say INDY sure he'll sell it for lower  than what he'd want for the same NOI in San Fran. 

HI Cort,Most of my lending business it out in OC and debt to income ratios for many borrowers have really been stretched and this is in an area where many people have very good incomes comparative to other parts of the US too.Incomes are not going up as fast as home prices are and the only real thing that is keeping affordability in check are the mortgage rates.Assuming we dont veer off the track of full doc income/credit/assets we will eventually hit the glass ceiling in terms of qualification and the market will in theory not be able to absorb inventory at the pace it has been in the last 2-3 years when this ramp up started Jan - Mar 2013.If I were you I would look at the cash on cash returns on the equity and the risk of the asset in the market that its in (Indio) and figure out where to most efficiently position that equity to achieve your preference of return, safety, and ease of management.What I do recall is that riverside and San Bernardino counties got hit really hard back in 08-11'.

I have been able to rule out high-cost areas like San Francisco, New York City, Los Angeles, etc.

Feel free to reach out if you're ever interested in the San Diego market.Either way, I wish you luck in achieving your investment goals!

I live and have invested in San Jose, Ca.

I own several apartment units and houses in some of the most affordable (low-income) areas in the San Francisco Bay, within a 35min commute to SF and close to Oakland.

San Francisco is at it again!

san andreas fault runs smack dab through some of the most valuable real estate in the world.I suspect your seeing that ugly clay soil that is so horrendous in Texas...