Obviously aware of the major costs to consider (down payment, insurance, closing costs, etc) but was looking for help on other costs to include during that evaluation.Rehab costs will be specific to each property but just wanted to make sure there wasn't anything major I was missing! 

This means that not counting closing costs, the same down payment can purchase 5.7x higher cost property purchased  local OO. 

FF isn't really cutting it.

This will allow you to put down a 3-5% down payment, compared to 25% if you were to rent out both units.

We might be able to do a good chunk of down payment, and were wondering what is the best area to invest in here in the immediate bay area.

Hi Tempu,Some other things to consider other than rate are closing fees, loan term and pre-payment penalty.

The loan amount is sufficient for me, as I am not looking to borrow more than necessary anyway at current rates (7.35% seems to be cutting edge right now). 

A down payment is skin in the game.

This would require a high down payment and I would be splitting equity with my partner.Option 3 Don’t Buy in San Diego: I am open to investing out of state but would likely not house hack and instead would setup a LTR or STR.

It gives you a chance to discuss options with the tenant such as electronic payments etc that they may not be familiar or initially comfortable with. 6.