I had started planning to do a consignment store online for plus size women but that fell to the wayside a few months back.

Ensure you screen properly, take security deposits and get parental co-signers for anyone who doesn't have a strong rental history.

I screen the hell out of people but maybe I'm just jinxed in that part of town.  

Multi-family properties are the best for buy and hold in Bakersfield because the price per square foot is lower then a comparable single family home (so they are cheaper to purchase) but you end up getting a lot more rental income because instead of collecting $1000/month on an average sized house, you collect three monthly rents of $700/month for an average sized unit in a triplex.  

,Still in the right place, still not working.See the screen shot:Hint:Go to that page, go to "View Source", search for "location".

Do you typically pay the PM for posting an ad and interviewing/screening potential tenants? 

For your 6k per 4 unit capex what is the upgrade level and size of your property?  

For vacancies, you can plan on 5% for vacancies as long as your property is in good shape and you carefully screen applicants.

Hi Dennis, in general the owner of the real estate that has been remodeled/retrofitted to meet certification standards for assisted living should be able to lease the property for 2-3X fair market rent of a comparable sized house.

About a month later they both left the apartment (destroyed) and I got a call from another landlord in town who was screening their application for another place together.Looking back I don't know if I would have done anything different.