Large number of properties can still be purchased and rented for immediate positive cash flow or for below cost of rent with mortgage interest deduction
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Not sure about this one ↑ you do know that in La Jolla the average house is going for $4.3 Million http://www.sdlookup.com/Market-92037-La_Jolla. It might take more than the average 20% down to make it pencil out positive cash flow. I was even surprised to find out that the $5 Million dollar house being raffled by Ronald McDonald House Charities is only slightly above average in price for the zip code.
