Now where I'll disagree with David is that he says it's always better to buy in your own backyard so you have full control, but the numbers just don't make sense near San Diego so I'm forced out of state.Hope this helps!

Hi Everyone my name is Jose and I live in North Bergen, NJ (Hudson County / Northern NJ).  

In any case, by now they surely must be sans lease or at best on a month to month.

,I am a commercial mortgage banker here in San Francisco.  

My wife and I just spent a day in San Antonio looking at properties.  

Multiple segments of the expansive San Andreas Fault system are now sufficiently stressed to produce large and damaging events."

It will depend on the area.In San Francisco where for example (where many renters must have room mates) this may not be an optimal design.Although in other areas with a single renter or a renter (couple), it might be good item--depending on the wants of the renters and the local competitions offering.If Joe down the street is offering  (2-br 2 bath) for $1,120 a month and you offer your (2-br 1 bath) for $1,110 a month, that small spread might leave you with longer time on market than average.Good Luck! 

When we invested in the San Francisco area we made nothing on CF but when we finally sold we made way more in appreciation than we ever would have made in CF.

One can not even rent out a remodeled home in rating 10 school San Jose neighborhood for the right rent.

Be honest and rate yourself from 1-10... if you're a 10 in marketing but a 4 in sales, instead of losing deals and higher spreads to "learn the ropes", you can max out on what you're good at, bring that value to the table and find a 10 in sales.This goes with everything among the business...We realized we sucked at initial calls so instead of getting better, we focused on hiring the best at initial calls, and this was one of our best hires. we went from 10 deals/month to 20 deals/ month almost by the next month after the hire.We did this again on the title side, and it freed up our work load to almost half it's size.Moral of the story provide value with what you are good at, value exchange and partner with someone, or hire people to fill the spots you aren't optimal in.Doing so allowed me to create a virtual wholesale system in other cities (right now we are looking for the best wholesalers in San Antonio to expand to also) by providing my value: prescreened high quality leads, to good wholesalers... we split 50/50 they get leads ready to sign, I take on the marketing and screening, they create the bigger spread than I could, I cover marketing costs, they get 50% equity split on leads that were free to them... that's a win-win-win... allowing us to expand to as many deals/month the experienced wholesaler can handle.