[quote=sdsurfer]Is this in San Diego? I guess I live a pretty sheltered life up in North County.[/quote]
Yes, but it was more than twenty years ago that I sold. SD does not have these same problems today due to community policing policies. North County is/was not immune from property and other crimes. Some pockets of the entire county have more crime than others. Open and notorious drug sales and prostitution in SD County are way down from 20 years ago, though.
I am really not averse to owning rental property at all. If I had the $$, I wouldn’t mind purchasing a nice mid-century rental house for about $265K within walking distance from me (near dtn Chula Vista) and manage it myself. For what you get (excellent pier and post construction and “oversize lot”), these properties are now priced very reasonably, IMO. The type of families these houses attract are local and very stable with many family ties in the immediate area. However, I would prefer to pay all cash and just use the rental income to supplement my retirement income.
My old rental(s) were five minutes from 32nd Street Naval Station. These small communities of SD have been significantly cleaned up since then.
