The Perfect Choice for an Investment Property from a Property Manager who rents out single family residences only.
There's probably never been a better time to buy a single family house in Santa Rosa, CA.
Happy with the one you are in? Buy a spare and rent it out! Consider the following features before you buy:
•1. Two or more baths
•2. Enclosed yard
•3. Updated kitchen
•4. Air Conditioning if possible
•5. More than 1200 sq ft if possible
•6. Good Schools
•7. Minimal amt of carpet
•8. Odor free
•10. Unless you are a contractor, DON'T BUY A FIXER.
One other thing: Don't just look at monthly cash flow. Ask your CPA to do an analysis for you to determine the best price to aim for, and the amount of interest to use as a tax shelter. Expect to keep the rental for at least 4 years before you can expect any appreciation.