If you don’t care about cash flow year 1 you can go down as low as 6% cap rate and still break even.

Credit unions and low downpayment options preferred.

Built in 1997, generally low-maintenance.

@Mojgan AzarHouse hacking with a low down payment can help save money on living expenses and even make some extra cash.

However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want and just pay the balance + interest vs cash out where you have to draw all the money after closing. 

If you have good credit 720 and above your rate should be around or under 7.75% with only 15% down.I have seen rates that high but last time I checked it was on a DSCR with low fico scores. 

The loan goes into default, it's a lost investment and you won't see those funds again.  

Hell, the Fed employs 100+ researchers and 400 PHD economists.They are usually wrong about both: where inflation will be, and what their own interest rates (Fed Funds rate) will be.

I am looking into purchasing low income homes and going the Section 8 route. 

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.