Put the cash in your pocket and escape that market.

Also the market and level income (5 miles surrounding the property) is critical and off course the NOI so:I am wondering how you guys evaluate a deal  before investing your money?

Hey all wondering if anyone has any specific method especially for a newbie for doorknocking to find off market leads.

I see no reason that I would expect poway or Mira mesa to out perform the general San Diego market.  

(b) Required Documentation (i) Limited or No History of Rental Income Where the Borrower does not have a history of Rental Income for the Property since the previous tax filing, including Property being vacated by the Borrower, the Mortgagee must obtain an appraisal evidencing market rent and that the Borrower has at least 25% equity in the Property.

Over the next year or so, I plan to learn as much as possible while also connecting with people in my area to gain a better understanding of the market and opportunities.

Unfortunately this is not as apparent and may require speaking with past borrowers but I would go with the lender with a streamlined and rationale draw process even if the underwriting/ origination process requires more of my time & completing/ turning over additional documentation.

This means your children would inherit the properties at their fair market value at the time of your passing, minimizing or eliminating capital gains taxes if they decide to sell.

Instead of charging an additional $100-$150 for the unit attached to the garage we plan on converting it into an additional 2bd/2bath unit and collect $1200 for rent instead.

I like how it has parking included and is close to the International Market for shopping, although it is an older building like many of the hotels in Waikiki.