If it is a desirable area (like next to the beach or Disneyworld or whatever) this can be a great opportunity if you have the financial means to pay cash and you are looking for a short term rental property. 

What’s your desired timetable for each of these?

During the financial crisis as people lost their homes they moved into apartments.I am fortunate to have found assets which, through hard work, have become ever increasing cash cows- and their appreciation has been increased by market, the new tax law and by force.I am ever appreciative of you passive investors who find rubes to buy buildings that don’t cash flow- you make mine all the more desirable and valuable!

This is part of why MF property is so desirable.

You could rent your house out so the tenants pay it off in 4 years and go buy the new house in a more desirable area.

The home is in a desirable neighborhood but faces a busy street & it's been sitting on the market for 5 months w/ only 1 buyer who backed out.

But when I do it on bigger pockets calculator I get  a way less desirable result.Purchase price 1580005% down=$790030 year fixed assuming 4.25% not sure exact figure here rough estimateRent $1300Mortgage $738Vacancy $65Property taxes $158Rental insurance $85Maintenance $65PMI $67Cash Flow $122NOI per year $855Cap rate 6.5%IRR 27%Thanks too anyone who can advise much appreciated 

I was thinking the same at first re: vacancy but this is a very desirable area of town and my agent has suggested the 6% figure - I'll bump it up to 8% to be more conservative. 

You want to make sure you are trying to "sale" a home in an area that is still desirable for retail buyers.Best of Luck!

It’s a highly desirable area in mid Peninsula San Francisco, but the highest is 25% larger than A typical house in the neighborhood.