Be careful with tenant quality in San Bern and Hemet - there can be some rough neighborhoods in those areas

Where are the properties, as you mentioned, appreciation has been very steady here in SATX, but depending on the area/neighborhood, that train is far from out of steam.  

Hey BP,So one of the HOA's that I own a rental in is trying to pass an amendment limiting rentals to 20% of the homes in the neighborhood and all tenants and leases have to be approved by the board of directors of the HOA.From all the research I have done on BP it seems like if this passes I am SOL, and probably will have to sell. is this a correct understanding?

Marijuana not legal, think Brewery or growing mushrooms or vegetables like lettuce.2) Old shopping malls.

So basically my question to everyone is do you guys think that I am in over my head buying in a F neighborhood with 11 units, and my first purchase ever?

Shop the job, as some plumbers might not want the work due to the amount of manual digging required, and their prices would be high.  

You will NOT see appreciation in Cleveland.....but you WILL see CashFlow.  1%Rule you can find in Cleveland in your sleep WITHOUT knowing what you're doing.....look hard in some C Class neighborhoods and if your timing is right you'll get 3% rule.

And I get it, I don't want to live in a neighborhood that's full of Air BnBs but I certainly like staying in them in other places. 

They're not in bad neighborhoods either.

Corner lot, 11x17 deck, 2 car driveway, walk-in closet in master bedroom, door to main bathroom from master bedroom, a basement great for my work shop, right next to a park and many amenities.