This was over 2 years ago.Google street view is a nice thing, but you're essentially looking back in time quite a bit.

Nice shape, newer roof, and now that kids have broken in for me - I have gotten to see that it seems to need nothing.

NICE!

Disadvantage, it will be my first home that I OWN..The meat - 3 family - 2462 SF - Purchase price $300,000 (in discussion w/owner)Unit 1- 3bdrm plus art gallery - $1400/MoUnit 2 - 2bd - $1100/MoUnit 3 - 1bd - $900/MoTotal (conservative rents) = $3400/MoProperty is recently vacant, in decent shape (out-dated) nothing major needed ASAP, I would look to do minor cosmetic upgrades to be a "higher standard" rental unit at competitive market rate.2nd Property - Single Family 3,000 SF 5 bdrms - 2 kitchens (possible multi conversion) - Purchase Price $280,000 (in discussion w/owner)Quiet Dead end street in nice neighborhood, large backyard w/greenhouse-ARV - $425-$450,000Assessed $440,000..Initial walk through property needs new roof, and may have mold issue.

@Michael Lebeau,Welcome to the Best Real Estate Site on the Net.It is always nice to see another Ct., resident in the forums.Click on the "learn tab" at the top of this page, and you could be spending many hours on the Information that is available.Raymond

And good ways to get a low cap rates is to have high rents and make it a nice place to live, with full occupancy.

I've seen some nice houses over there, but there are some not too nice houses far to close.

HI valerie, nice to meet you.

That would be a nice monthly payment.I'd bet you can get the taxes down from $2200 to $1500-$1700.

I understand that the cash flow is not spectacular, but after looking for 4+ months, this doesn't look so bad for Metro San Diego area (I also have limited cash reserves, so I can't put down a 50%+ down payment to make some of the better properties cash flow).My main question is whether it's worth buying a really nice property in a bad neighborhood as a long-term investment.