But again, it really depends on the expectations of those you are planning to serve. 

Walnut Creek is very far from class A, it's class B+ max.Antioch depends on highway is class C- or class D.

Not sure if you are ripe for an EB5 type raise as well, but might look into that, depending on how many staff/jobs you plan to create.I don't know if you can alter the vision or modify it, but you might also consider rotating your theme each weekend/week of the month to have a wider audience. 

Hi Bubba,I think this is particularly dependent on your personal skillsets. 

Have you tried finding a qualified cash buyer or a dependable property manager across state lines through these platforms?

It depends but I align to Chris and add that I think there will be a new normal and fluctuate between 5% - 8% and can look at dips to better your rate. 

They vary greatly, up to each individual bank or credit union.

It's likely most people are not going to be willing to move over a $25 increase, and if they do they may have already been thinking about moving anyway.It depends on your tenant base though, because some tenants are more price sensitive than others.

@Kesha Hamilton To find my midterm rental rent rate, I start with long-term unfurnished rents and then x that rate by 1.4-1.65, depending on the season.

I found a property that cash flows around $100-$150 in Bakersfield, depending on the interest rate, but I am wondering if it is a good idea to take this and run with it as a first rental, in order to be able to cash out refi in the future to be able to put a bigger down payment on a mult-family property.