But we must develop a plan, and sticking our head in the sand is no way to respond to uncertainty.Here’s how I look at it:1.

I know I would LOVE to be able to keep one of our new builds in coastal Orange County as a Vacation Rental, and hence my enthusiasm at getting @Scott Trench on board along with @Joshua Dorkin of course, to get this new forum going.

I have one in Mesa, AZ under contract in the desert sands country club community, that has no HOA and needs interior paint on walls and cabinets only.Give me a call if this is something that may interest you.Thank you!

Do you mean 30 years amortization or 30 years term (need both to be considered 30 year fixed).There are 30 year fixed commercial multi-family paper but the prepays/defeasance/yield maintenance usually is huge if you decide to sell or refinance so you'll have to determine if this one is a keeper or not =D.There are 35 year fixed FHA/HUD loans for multi-family too that lend up to 85% LTV but is a huge advantage since the rates are in the low 3's and even with the mortgage insurance componenent its in the high 3's to low 4's which is still lower than the 7-10yr Fannie money which is around 4.50% right now.

There is a lot of upside in properties here given the growth of the area and being a coastal destination. 

I have two major concerns here1, the man who is in his 50's and make more money has lower credit score.

With rents up right now, I would say anything under $795 is probably an area to avoid for 3/1's and anything under $925 for a 3/2. 

Been doing RE for a half century I bet, old truck, jeans from 80's and a peculiar old tie with a flat bottom, and some sneakers he found somewhere..

When I see your post about how well your Wisconsin home has done over the years.. then I looked at the marketplace on BP yesterday and there is a home in Barron Park ( neighborhood of Palo Alto CA where I used to live back in the 80's) and its a steal off market for 2 mil  and its 50 years old 1200 sq ft and in any other market or most other markets in the mid west it would have a hard time cracking 120k... you realize not all RE is created equal and the stock market at the start is equal everyone has access to the exact same information.. were everyone does not have access to the same Real estate...

I recently took an apartment that was built in the 60's and added granite countertops, double sinks in the bathroom and washer/dryer hookups in a couple of units.