Some neighborhoods have very little turnover, so putting a lot of energy or money into farming it isn't likely to produce much return.

We are producing 9500 per month about 6k Net cash flow..yes they are paid off.

Will be applying for one in Nov once the restriction falls off. 

Based on that $4M purchase price, you should be able to purchase around 16 homes in Bakersfield producing an average rent of $1700/month/property. 

It give you the benefit of having multiple units that produce income.

Folks outside of California seem to think that appreciation is only possible on properties that have negative cashflow, or that properties in California only produce negative cashflow.

that will be valuable in building your network--with a specific intention of building a buyers list for the leads and deals your marketing will produce. 

I have bought properties for under $30k as late as June of this year, Single Family Residence (SFR), and fixed it up for another $15k ($45k total) and it is producing over a $1,000 in rent now per month.

Rentals will actually produce double rent and everything will be fine" ¯\_(ツ)_/¯

I was curious, from an appraisal standpoint, what people have seen when adding additional income producing units to single family homes.