According to YIMBY Law's interpretation of the law, the new buildings that replace the old ones have to be made affordable as defined by HUD, even if the current rents in the old building aren't.

Very time consuming unless you can afford to hire a bird dog or 2 to do it for you. 

You might be surprised to find that your rents could be raised enough to afford a property manager AND increase your cashflow at the same time. 

The affordable entry price and steady economy is also attractive. 

Roughly $825k of properties is what you can afford including closing costs and fees.

Can the area and existing tenant base really afford $1200/mo?  

Our position is too many things in life happen - tenants lose jobs, get divorces, die, etc, and are margins are so small to begin with that we cannot afford to take on all the risk.Some PMC's do offer 12 month replacement guarantees and cover all eviction costs, etc, but they usually only do that on Class A properties or have an assortment of loopholes out of their guarantees.

They will likely jump up (I think) but I dont expect any drastic changes in the near future, in terms of peoples access to affordable debt. 

It is also the only way we were able to afford a home in San Diego.

I’m looking to move my family down there ASAP and trying to find what’s some good areas that are affordable and safe with a mixed diversity.