Here are the numbers:Purchase Price:175,000Repairs:14000Type: Duplexunit 1: 2 Bedroom/ 2 Bathroom-850(or 2 CL ppl for 550/month each)Unit 2: 3 Bedroom/ 2Bath-Me-  lower bedroom and lower bathroom$freeski -1st Craiglsit Renter 1 bedroom 1st bathroom $450 second Craiglsit renter 2nd Bedroom same bathroom-$450Mortgage Info: Total Loan amount:189,000 Interest rate: 3.25% Down payment: $1,000 Taxes: $1426/year($190/mo), Monthly mortgage payment:$868/moHome Insurance: Around $160/monthExpenses: Vacancy,Capex,Repairs,@8%($160 each) Total: $480/monthOvertime Expenses: Lawn service $60/month, Management fees@10%($200), No HOA feesNeighborhood: C  Area around neighborhood:B+  The Location is in Norcross Nearby Harbins Road and Highway 85 in Gwinnett County in Georgiatotal income could be from $1600-2000Additional expenses would be providing cable ,water and electric for craigslist tenats and they would not be as stable as a regular tenant.About 12 properties in the neighborhood need work(yard, car on blocks, ppl hanging outside,etc.) has about 25-30 properties in entire neighborhood.

Thanks for your reply, I'm trying to determine whether to sell off some assets to put down enough on such a property that will give off a stable income for the foreseeable future, which will only be a comfortable income at an 8 cap, however 10-12% would be much, much better.Would you say it is still a good time to buy multi family units (in a strong rental market) if looking to buy and hold long term (10+ years) because of the interest rates?

It's a a stable area( my opinion).

Decima is now signed on....He was fixxin houses when I was in diapers and his Investing in Fixxer Uppers was a book I pulled from a bookstore shelf back in 2003-2004 and it got me interested in real estate...Very excited to welcome him here...enjoying his new The Real Estate Fisherman a lot, a neat strategy book aimed at a "colony concept" and I will be doing a full review when I wrap up on my blog...Welcome aboard Jay...

But now that I finally have a stable job with potential  for career with a high in demand, Trade.

However many of the very old stable neighborhoods do have small muti-families. 

Even a good loaf has a shelf-life.

The details I know are:Purchase Price: $289,000Rents: range between $790-$875 (have not yet confirmed total gross income)Taxes: $9,000Utilities: All paid by tenants except trashDesirable location that I expect to have stable growth but not massive appreciationMgmt: 6% + Lease up of full month (Currently long-term tenants want to stay)The details I am estimating are:Insurance: $2,800Maintenance: 5%Reserves: $300/door At this point, when I do an analysis I can't see a way to get a decent return if the average falls closer to $790 but as the average gets closer to $875 I can see getting above 8%.

Nothing can replace that, but there is no reason why you can become just as knowledgeable about an out-of-state location as you could about a remote area of So Cal.Personally, I would find a metro area in the South East with a stable job base more appealing to invest in than Hemet or the High Desert.My two cents.  

Hello,I originally became interested in Real Estate Investing about 20 years ago but before I got things going I got a job that dominated my time for 19 years so my dream got put on a shelf.