Off the sales price is a better deal as it also discounts property taxes for life.Get written quote with your MORTGAGE middle FICO on the SAME day they give you a quote for a full documentation 30 year fixed loan no prepay and then you can see if their lender credit is worth it today.

A building is worth what the market is willing to pay for it - you are the market.

It is definitely a market worth looking into!

There's rent control, rent increases, rent regulations, etc.

This company called Zoom Prospector / GIS Planning does great demographic stuff in the PNW and Midwest.You can also purchase data... costs a few hundred, but may be worth it for scoping out-of-state stuff.

$6,100 PITI + Maintenance, Cap Ex, & vacancy reserves Versus whatever similar rent would be in the area.If you're okay with this deal not being a homerun initially, but allowing you to live in an ideal location in a nice home with slightly less mortgage cost, then it may be worth it. 

We are not charging a cleaning fee as we think for 2 night stays adding a cleaning fee really increases the overall cost to stay.

Annual increases in keeping with HUD's fair market rents build in a stable increase in revenue.Regular inspections from the local agency provides us with an excuse to get into the units to check for maintenance issues that often go unreported and cause more damage.We love the model.

Some easily verified facts:- San Diego appreciation has been great - San Diego rent growth has been great- prop 13 protects against exorbitant property tax increases- San Diego has one of the lowest eviction rates in the country- San Diego has one of the lowest delinquent rent rates in the country- San Diego has a very low vacancy rate- historically for long holds, San Diego has produced near top in nation return.  

Now worth $350,000.Step 4: Bought a four multifamily in a LCOL for $500,000.