@Nico Roe your return rate is PART of the decision making. 

@Eric Upchurch you should really take a look at you ROE or return on equity.

Just found another article on this matter - it says that Feinstein weighed in and the SF Supervisors have overturned the sale.Great question - it got my brain cells bouncing against each other.

The other factor for us is to invest that money in a location that is much more landlord friendly than Seattle in addition to achieving a better ROE (return on equity).

Nico Roe I'm on my phone and can't see your calculator but I can tell you this. 1)a 450k house is a poor rental for cash flow.

Gerald Gray calculate tour ROE or return on equity.

You can search for ROI vs ROE or vs CCR.I'd recommend to read https://www.biggerpockets.com/forums/88/topics/46088-roi-vs-roe-vs-cash-on-cashAndhttps://www.biggerpockets.com/forums/88/topics/46088-roi-vs-roe-vs-cash-on-cashYou'll find many other topics on the issue

@James M SmithJP courts neither set precedent or are help to that standardSaying that in 27+ years I have never had a tenant overturn my deductions with less than a handful of challenges.  

That eliminates single market risk.However, the biggest advantage of going Crowdfunding over turn key is much better alignment of incentives.

Your Return on Equity (ROE) could be horrendous and you would not be leveraging your assets but your cash flow would be fine.3) It is possible in many coastal So Cal areas to achieve small cash flow on retail duplex to quad units.