My August/September calendars are shaping up to match 2021 instead of 2019 even though it was a 2019 July (based on historic data - I wasn’t around then). 

In addition with San Diego historical property appreciation it basically means the rental owned long term will be producing better cash flow than the recently purchased like rental.  

So take that in for just a moment and than lets fast forward to a few months later to November when GM pulls a rabbit out of a Detroit hat and does a 180 and announces it will not shut down their historic Hamtramck plant but rather dust it off in preparation to unload a spanking 3 BILLION DOLLARS into it to begin building electric pickups, vans, battery modules, and possibly even reviving the Hummer brand there.

Now this is all speculation on my part but here are the numbers:Asking price: 55k (I will start at 30k but am prepared to pay close to full price as this will be a buy and hold with good cashflow)Rehab: Estimating 50-60k (It is an old building in a historical area.

Most areas are 2-3 cap less than what they are historically.

Also loop in investor focused agents and property managers who should have knowledge and experience and can speak to the area and it's popularity, historical data, etc. 

Rents lag prices, so you can use the appreciation rate if you do not have historical rental data.

As a group, REITs have almost the same historical return as the S&P 500 when measured over a 10 year period.

It has been a very long time since banks actively enforced DOS clauses but it seems that is very likely due to the fact that rates have been on a near perfect downward path since 1982 and are now at historic lows.

There is actually a bit of a rental property crisis there due to so many of the historical rentals going to exclusive AirBnB.