Some sellers are getting greedy and that is where you see price reductions and 30+ DOM.There are probably some pockets of Sacramento that are overpriced for my taste (Antelope, Natomas, Rancho, Citrus Heights, Laguna) but the buyers are qualified and the rents are running pretty close to what the mortgage payments would be,  it's much different than 2006.  

I have an opportunity to purchase an off market 2-unit property in the Elysian Heights section of Echo Park.To those familiar with the market:First and foremost, the property would be my primary residence and would greatly decrease my personal basis as my % of the mortgage would be less than my current rent in a much inferior unit.

Looks to be about as open as you can get with that space and the plumbing restrictions.

The bylaws restrict and allow use of the development. 

It's very flexible and doesn't have any of the restrictions that the Self-Directed method that most people are familiar with do.  

Talk is cheap - look at his credentials before investing in a mentor.Be smart about what you do and who you work with - you can look at listed real estate but your best deal is going to come from dealing directly with sellers.Also remember creative financing techniques - nothing down deals - Control and Roll System - Delayed Settlements - Hybrid offers - and don't forget owner assisted financing and make sure you always ask for a principal mortgage.Have fun - make full disclosures and make sure you understand the laws related to mortgage foreclosures - fail to do this and you may have a paid vacation to the Gray Bar Motel (a nice little room with one small window and the food is free, but the space is restricted).Remember your goal should be CASH FLOW or EQUITY - forget the emotional appeal - it is all about numbers - understand them and you'll do well in Charm City.Charles Parrish

State Farm has little restrictions on policies when it comes to rentals.

Any restrictions or red flags?  

This works best with conventional or portfolio programs since FHA restricts you to one loan and VA is dependent upon remaining entitlement.

I just entered into a contract to buy a rental home in Maple Heights, OH.