It is a very desirable area and the cashflow perspectives are very interesting.The Bad: The property is listed as 3 units. 

so many perspectives.

I invite you to please consider the following, from a Federal Income Tax Filing Perspective.

You occasionally run into foundation issues with hillside homes on raised foundations ... either the soil shifts over time or after a heavy rain, or the piers don't go down far enough to properly support or the foundation, or the wood posts above the foundation gets rotted or eaten away by termites.

Hi Krista,I don't want to discourage you but I have a little different perspective on your situation.

When the cycle shifts back the other way, you will have much more saved to buy and flip or buy and hold.

To give you perspective on capital saved, I have $16k total.

Also, that is a very low amount so most won't be interested in it from a HML perspective.

In addition, they typically preach 1 perspective niche and not cover the multiple ways to make money.

My perspective on #3 is that newer builds will still have expenses.