Does it mean that we won’t be able to keep raising rents 3% annually over the course of 30 years?

Hello BP,I’m trying extremely hard to get creative enough to make a deal work for seller and their family here in San Diego (lead came from hand written cards FYI).

I walk neighborhoods with my gf, I talk to people out on their porches, I knock on doors of ****** looking properties and leave them my card.

I just won't have anywhere near that kind of capital anytime soon, which is why I'm considering starting with buy and hold SFR until I can raise enough to "graduate" to large MF.

We've struggled with many of the considerations you raised above and I'd be willing to provide additional color to what's been outlined above based on our experience in TX.

The three should have rent raised, so I put $1700 for rent just to be conservative.According to the 2% rule this project is not good enough.  

I lived at Silverado for 10 years 91 to 2001.. and born and raised and started my real estate career in the north bay  Lake, Sonoma , Mendo  and Napa were counties I sold land in.. mainly ranch  ag  and building parcels.. was a great incubator..

We are working on building our "1 sheet", or, "baseball card", now as discussed in the podcast.

But for clarity, the overall thickness is going to matter for the stiffness of the board (Not always great on raised homes as some flexibility is better) as well as the sound dampening. 

Personally, I really like the current tenants of the 3/2 from the conversation I had with her Saturday and would feel bad raising the rent as she takes such good care of the property but that's good money!