I evicted a tenant who stopped paying the rent because she couldn't go to work while she was staying with her son who got shot twice out in the street in front of the house...

haSaved for quite some time to put money down on a multi-unit that I would do a 15 year note on, and sell at the end of term for my son's college tuition.  

Keep in mind that the higher end areas (prime SF, Palo Alto, atheron, etc.) decouple to a certain degree from the unemployment rate (wealthy people with equity and a lot of money aren't selling homes under duress as fast as regular folks.)J.

Contractor says may have to pay $50 or so to name you a son addition insured.

Why don't you guys live in East Bay and use the commuter train to work/live between south bay and east bay, there're still affordable and decent housing in area like livermore,tracy and even Manteca.Livermore SFR costs $300-$400K, train: 50mins  (compare if you drive to campbell/san jose from sunnyvale or palo alto, it's still one hour since traffic is bad ).Tracy SFR costs $300K: train: 1:20minsManteca SFR costs $150-200K: train 1:40minsAnd it's much much much more beautiful than South Bay.Leaving South Bay is the best choice for me...

My son lives in Brooklyn.

@Jamie PowersYeah, I'm with @Steve S. on this one.

I don't think people should only focus on cap rates, there are son many other calc that affect the buying process.  

My son is in commercial construction and they use this service a lot.

So here is what his son (who considers himself financially savvy) is suggesting Dad do with the property.