And let’s not forget, 3 houses is a half a million dollars, give or take. If you’re buying $150-$175K houses. Probably $500-$600K if you’re targeting just sub-$200K houses.
At the moment, looking at most of urban San Deigo south of Oceanside, I see 32 houses listed at below $175K. (that’s not much).
So what is realistic rent and what’s realistic expenses? And if you finance, don’t forget those expenses of closing the purchase and fixing up, and rental refurb. Or will you allow the property to slowly spiral in the rental slum so many landlords allow happen?
