Los Angeles Fed S & L (1984) 159 Cal.

That would be 8% to the investor which is more than the loan but it will be very difficult to find someone at under 8% today because of the risk free rate of return delta from the fed rate.

Once the fed stops raising rates, more buyers will jump in causing prices to rise again.

Fed activity generally first affects asset prices, then inflation moves, and then the job market moves.

Shaded and grass yard.

Fed funds rate/Prime rate still has room to go, 50 to 100 BPS.  10 Year Treasury hanging around 3.5%.   

If you price point is higher than 130K, city is not limited to rough neighborhoods.There are areas with high ownership, clean decent blocks, and next block is also fine. jumping from a Block-by-block area to Fed Hill to canton is basically 70K to 250K and there are many houses in between, just get help from somebody who knows the city well.

I am lining my finances up to be able to purchase something larger, but with yesterdays Fed rate hike, I have a concern with commercial multifamily investing. 

Regardless of the Fed policy this year action speaks louder than words.  

The Mortgage license test for someone like me that has never really done owner occ loans and only HML was pretty tough since I never really worked in the space I passed first time but when Dodd frank came out it washed a lot of LO out who either could not pass or now your required to submit a Personal financial statement to the feds and state and have a bond..