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600 sq feet and $3000/month makes me think of Bender's apartment from Futurama
Are you accounting for things like HOA, repairs, maintenance, vacancies? Also any rental restrictions?
Typically 10% repairs, 10% vacancy is common
Mentor
Yeah, you lose money on those in short term. HOA is high and property tax.
Mentor
You may also be seeing affordable housing prices
Mentor
4-6, yeah. Usually in listing.
1 bed market in sf is very depressed rn, you sure you could get 3000?
Mentor
3000-3600