It sounds like the Peninsula is still hot, but maybe the North Bay slowdown is starting to spill over into the less-prime areas of the Bay.

Its hard to buy off a cap rate when there is no income stream.

question in the back of my mind.The investor agent may have a different business strategy than yoursSome agents, w/ multiple streams of income, may have firewalls set up between the different parts of their businesses to ensure there's no conflict between a client's interest & their own;  or even between the multiple clients pursuing the same propertyRegarding "what's wrong w/ it" You should have that question in your mind on every property whether it's an investor agent showing you the property or not.  

I would also add a side hustle that will create an even bigger income stream to save and grow that money to invest that money quicker! 

I luckily have an online income stream that doesn't need to be managed, so that's the way I plan to go.Thanks a lot for your help.

Its been a nice little income stream for them. 

@Conner Franklin  - @James Rodgers is correct; FHA guidelines still require an income stream to support the monthly obligation on the property: principal and interest, mortgage insurance, homeowners insurance, HOA dues (if applicable), and property taxes

They will look carefully at both the appraisal value and the rental stream on any property you buy. 

When the debts are gone the income stream(s) will remain.You'll want to rethink the hard-money idea.

However, a stream of income is attractive to them, as they look into assisted living.