There is no way with proper expense allocation (especially maintenance/cap expense allocation) that this will produce anywhere near $400/month positive cash flow.Analyze the appreciation outlook. 

@Lee Cruz, it is really all about your outlook and risk tolerance. 

With the grim economic outlook in mind, how can my investment be effected?

Hi, I own several small multi family properties (3-7) unit buildings and while for the near term I am preparing for the pending chaos that will erupt when rent is due on 4/1 I am trying to remain positive and focus my...

Zooming out looking at the whole picture, preparing, taking action, more marketing, more networking, distressed property, tax liens, foreclosures.

With that message, I'm also inquiring about how their business is doing and the outlook for the near future.  

Hell right now you lose money to invest in bonds, people investing in money losing bonds are doing it because their outlook is very bleak for the future of the currency and thus the gauranteed bond loss is still less than holding the currency and inflationary pressure over time.Bad dollar value, means no bonds purchases which is how we in theory acquire money to loan.

you will have borrowers that will blame the bank for lending them the money in the first place.. then you will have folks like you and me who have the exact same outlook we protect our banking/lenders at all costs.

Our outlook doesn't look too rosy right now, but I just put a house under contract today.Every market is a good market for buying IF you buy smart.

Even the BP location analysis that was released a couple weeks ago showed coastal West Coast cities in the middle on cash flow with an 8 year outlook (2010 to 2018, 2018 was used because 2018 was latest data).