Thank you @Eric Gardiner @Blair Poelman @Jason DiClemente and @William Hochstedler I have done all my business in California and now I am moving into Salt Lake City and this is a new problem!

Hi, I Live in San Diego CA and have inherited 350,000 after taxes .

I know that real estate in San Diego is VERY expensive.My question is based on this property https://www.redfin.com/CA/San-Diego/8351-Gold-Coast-Dr-92126/unit-3/home/4861308, is 573,000 too much to go with.

I need some sources for a heloc on a non-owner 4-plex in CA. 

Hate to commit to a short term lease..... turnover is a PITA....but if the $$ is worth it, I may consider it...PRORent is paid by insurance company, not individual....more reliabke I would hopeHigher rent and deposit....not sure how much yetCONGuaranteed turnover in 6 months or so..I'm in CA, so doing placement in Dec isn't a huge deal but not the best timeTurnover cost $$...so it may not pencil out as a big $$ gainScreening...... guess I still do the background, but the other criteria is really on the insurance CoSomeone that knows they are short term in the unit are less likely to take care of itInsurance companies can be a PITA to deal with.....

The repairs actually took place over 3 visits in a three week timeframe. 

We are currently looking for high quality property management in Bakersfield, CA starting next month. 

Fortunately in his later years, I was 30 minutes away, and my brother, who never married, visited every week to the end.

I still put in 3-4 hours per month dealing with the rentals but I ca put them in from the beach, a cruise ship, or wherever. 

If the property is distress, or if you were able to increase rents significantly ("forced appreciation") - your cap at the end of year 1 ca definitely be more than 7%.Even a 7% is great, but depends on the market.