Since you don't plan on moving for a while you'll essentially be burning money at a 6.25% rate per year until you move into an area you are able to afford to invest in given the Bay area is insane.

It is in Illinois so wood burning stoves would also be included for heat.

Thanks in Advance:  Bob Burns

My daughter has bought lower end rentals in Vegas with mixed results.. basically pretty good.One tenant burned the house about down but with insurance they are coming out smelling like a rose..

When it fell through I realized how I could have been burned by a few variables going south.

but our final bid is lower than that asking auction priceI've read where people got burned because they started work too soon.

Here's your chance to ask that question about rental properties that's been burning inside of you!

They could have burned my house the down.

The only thing that can not be fixed is timing and location.If there is a fire that burns it down, I can rebuild a brand new for $300 k, and the new house would be worth around 2 m.From the picture of your duplex, it is in a nice neighborhood.

IE if I saw a listing @ 10%, I'd wonder what is wrong that the seller feels its necessary to burn 10% to tempt me to hard sell my client (which doesn't happen).Also, on @Paul Bowers's point, I hate language like "It won't last" and past dates.