I've owned both since 2013, I self manage and these two properties take up 90% of my time compared to the other two that I own farther out.Appreciation has been much slower than I had anticipated; there are still a lot of distressed sales in 30318.  

Multi-family properties are the best for buy and hold in Bakersfield because the price per square foot is lower then a comparable single family home (so they are cheaper to purchase) but you end up getting a lot more rental income because instead of collecting $1000/month on an average sized house, you collect three monthly rents of $700/month for an average sized unit in a triplex.  

If thing is going well then i am expecting 17% ROI this year instead of 0% compared to last year.

They have an A+ rating, but a resource to compare builders would be great! 

Hi Dennis, in general the owner of the real estate that has been remodeled/retrofitted to meet certification standards for assisted living should be able to lease the property for 2-3X fair market rent of a comparable sized house.

http://www.har.com/content/newsroomHouston Real Estate Highlights in April Single-family home sales declined a fractional 0.6 percent compared to last April;On a year-to-date basis, single-family home sales are up 1.6 percent;Total property sales declined 2.0 percent to 7,583 units;Total dollar volume fell 1.6 percent to $2.01 billion;At $278,544, the single-family home average price was down 1.0 percent compared to last April;The single-family home median price rose 3.3 percent year-over-year to an all-time April high of $217,000;Single-family homes months of inventory climbed to a 3.6-months supply versus 2.9 months a year earlier;Townhome/condominium sales fell 12.6 percent with the average price up 4.1 percent to $206,832 and the median price up 7.3 percent to $153,450;Leases of single-family homes leapt 18.1 percent with rents up 2.6 percent to $1,811;Leases of townhomes/condominiums soared 26.0 percent with rents down 1.7 percent to $1,574.

I'd be happy to swing by and do a Comparative Market Analysis for you if you'd like.

I found Bigger Pockets when I was scrolling through articles comparing paying cash verse leveraging investment properties.

Everyone has great suggestions...I would also suggest "local awareness"...If you are considering a rental strategy, use somethiing like www.rentometer.com, enter the sizes and address and see what THAT neighborhood is renting for.The other thing to do is establish a relationship with an investor friendly Realtor that can run a comparative market analysis for you to establish a resale value.

I compared it to three other units I could find that sold or were selling in a similar condition based on price per sqft.