The 1% rule really doesn't apply here in California as we're more of an appreciation-based state.If you're willing to wait to see the returns until you sell, we've probably still got several years of solid appreciation in Sacramento / Stockton areas because of all the Bay Area migration into the Central Valley.

If you are looking for a place to invest disposable income and get a moderate return higher than that of the stock market the answer is probably yes.

I got an opportunity to work as a custodian part time at non profit close to home then began to work my way up to full time employment with the ultimate goal of getting my hands on a stable income and benefits plan for myself and began working on my road to returning to education and financial freedom.

NOI divided by the rate of return on a similar property in the area (Cap Rate) equals the value.

Don't like it you can return to Cost.

@Jamie Hall  Ask the following questions to all potential brokers (in addition to commission splits, fees, etc.)  1)  Who will be my mentor, what is his/her experience in total # of MF transactions broken into buyers/sellers, how available is he/she, and what expectations (if any) will he/she have in return for advice (beyond commission split)? 

Prodigy Network - https://www.prodigynetwork.com/ - for investment in New York City Real Estate. 10,000 USD minimum, aprox 10-18% estimated IRR, Annual Preferred Return 8%, 3-4 years.

In general, our first year returns for financed purchases range between about 17-20% including cash flow and loan paydown, and go up from there as tenants pay more and more principle each year.

A very large percentage, perhaps the majority, of mom-and-pop operations here simply pocket the cash and never intend to return a cent of it.I'm sorry to be the bearer of bad news,

To fill the gaps between new builds for our own account we are looking to do work for others.We are not well suited to the large volume / low return type of work (flip contractor, small remodels, etc.) but have the ideal setup and experience for new home construction, custom homes, small commercial and multi-family, and major remodels.