If you get sick of the drive you can always sell it in a year or two and have more money to buy a place in Newberg (plus maybe a rental there too) 

Once the bars end it becomes more of a warehouse district but that is likely to continue to feed growth in that area. 

We do it in stock market investing all of the time (dividend stocks vs. growth stocks).But if this is a “whew, this is using all of my investment capital for a 25% down payment, I have barely any reserves left over, and it’s going to limit me” you could be in trouble.And, as pointed out, the impact of $500 per month is far different of your W2 is $50K per year than if it’s $500K per year.

This strategy has been used over and over again, and has put many people on an exponential growth towards financial freedom.

Even if the property appreciates at the exact same rate as inflation (so basically zero growth), every time you make a mortgage payment you're building up equity. 

I've been thinking of creative ways to partner up as I think it's a great way to accelerate growth in my RE portfolio.

For that price range you may have to look further out in Mesa/East Mesa/Queen Creek, those are all about 25-30 min drive to Intel.  

I am not a CPA, but it also opens up a litany of tax advantages because you can now drive certain of your activities through the LLC as expenses-- mileage and gas, networking lunch/dinner/happy hour, repair costs, the list goes on.

If you want local, you may just need to drive a few hours east or head Into central Cali 

The working blue collar people are closer to Midtown on 55 and Capitol drive.