Obviously the property is very solid and LTV is 75-80%, but as a rule, it does not hold forever...

  ABSOLUTELY NOT  1031 has time restrictions to identify and purchase like kind and typically you'll  buy a more valuable and thus more expensive Rev gen property to avoid the punishing penalties paid on the Boot( cash in ha d because you selected an exchange property that was fewer dollars than The sale price of last property go to irs site and read sec 1031 it's been there a hundred years it's really clear 

But ya I aimed for 3 bed 1-2 baths, cuz I can always live in one of them, or the basement if it is good enough to clean and actually stay. and rent out the rooms. check out prices for one room in your area, or near by apartment complexes and base your numbers / deposits and rules off of them

@Ovais Zuberi, so it looks like you'd be into it for about the "1% Rule" mark.

Annually the are regulations proposed to restrict San Diego STRs.  

Of course someone may have painted a room in 1980 with paint bought in 1970, but it's a nice cutoff.I also remember a new EPA rule that went into effect in 2009 or 2010 that requires contractors and repairmen to do cumbersome lead checks on houses built before this date.

I am still getting familiar with the “rules” of property valuation, most of the multi family homes in the area are understandably expensive, what would be generally competitive prices for a triplex in the Long Beach, Dana point area?

This is not to say that they have not placed a good tennat and would not rule out a inherited tenant.

Hi Joseph,A good rule of thumb that many full time rehabbers also use is netting a minimum of 20k profit.

I'll definitely be keeping all these tips in mind for the next analysis I run.Is there a rule of thumb for estimating rehab costs?