Big thanks to everyone that put their knowledge into the pool!

One thing so many investors forget to look at is what are the rents of apartments going for in the area and then add the price of the amenities, like pool, workout rooms, clubhouses, ect.  

At that point, your pool of buyers increases about 20-fold.After that, it depends on the location, the comparables, the price point, the buyer demographics, the time of year, the type of house, the condition of the house, and lots and lots of other things. 

I am looking for another investor to find properties that we could mutually benefit from by pooling resources.BTW, I had a business in Encinitas for thirty years that I sold in May 2014.Looking forward to discussing the possibilities.Sincerely,Cliff

You should definitely have a large pool of students down your way.

The rent will be much lower so you'll need to make sure you buy right in order to get the CF you desire based on comparable rents.The rents and tenant pool should be a concern but exit strategy should be your main concern buying a home that would be fairly undesirable to any family with a size >= 3.  

If you want to be in for the long haul, you will need to develop your own pool of quality,  dependable subcontractors and learn the game of GC'ing  for your self.

A nice pool, RV access, large shop addition in the garage and a lot of other extras. 

Last month rent would be nice but would probably shrink my tenant pool for Class C units.

Now that is one big pool of liars and cheats.