News flash, the good and the bad.........I'm not being a jerk when I say this.....In certain parts of the East Bay you can find the one percent rule on a triplex or a fourplex, but it will be in an "up and coming, blue collar, working class neighborhood". 

Proposed 25% Tax on Real Estate Investors in California

We are in the Minneapolis area and with our portfolio, we like to do a combination of investing closer to the city where the rents are higher, and there is greater likelihood of appreciation, as well as investing in tertiary markets where it is more of a blue collar based tenant, who is less likely to move, and treats the property as their own.  

I'd be willing to bet your area in Maine is a fairly blue ocean, at least compared to the rest of the country.

Anyway.this song came on  by Traffic   Low Sparks of the high heeled boys.One verse that i caught.(  The man in the new blue suit is getting rich on your dreams )  that about says it all when it comes to less than Mentors and Gurus.. 

I didn't even consider real estate investing as an option until i got injured and forced to quit blue collar work for the most part.

If you talked to your wife and father-in-law until you were blue in the face and both of them feel it's still not a good idea, you should move on.

Of course, you need to comply with Blue Sky Laws of the specific state as well.

I don't think you will see too much increase in value/appreciation over time with that type of asset.As a general rule, I don't invest in Spartanburg as there are not too many blue chip companies there and I don't really see much development/population growth.

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