married
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Aaaah, sit tight and BS here along with us…
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Hey hey hey…why are you dragging me into this 
Married people are always matchmaking to make sure everyone is as miserable as they are… lol
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I am always working for that red envelope…besides, you need to settle down 
Red envelope? That sign of appreciation? 
I’m surprised the rent isn’t higher. It seems too low.
Rent is 3000/month, do you still think it is low? We can not co-relate rent with current prices as that depends on near by apartments and other rental market.
https://sfbay.craigslist.org/sby/apa/d/aa1-3b2b-north-san-jose/6379211156.html
https://sfbay.craigslist.org/sby/apa/d/aa1-3b2b-north-san-jose/6379211156.html
https://sfbay.craigslist.org/sby/apa/d/azari-pm-bright-beautiful/6358321902.html
Almost all the three are at the same range.
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Gross yield = 300012100/900k = 4%, compare with my self-managed CU rental = 2.4%, is pretty good. Of course, can’t compare with Austin’s 9.5% which is why despite high property tax and the need to pay property management still worked out ok.
As for the OP’s rental, since he doesn’t need money now, just rent it out till need money.
My ex cop buddy invited me to go to Vegas
I think we need to plan a boys trip…Any takers
My wife is still in Russia and it is cold and windy in Tahoe with no snow
75 degrees in Vegas
We can call it a real estate scouting trip
My friend is one of the hottest agents in Vegas
There is a hidden value appreciation at 6.6% (He bought 1995 for 220 and 2017 it is 900k). This is almost in sync with long term (20+ years) bay area appreciation, worst case 5% (including downturns) as long as he is not selling during worst period.
His current growth rate is 4% (yield)+6.6% appreciation which is far better results as a long term. The biggest benefit of holding is low property tax rate appx $350/month.
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All good
But when he going to enjoy that appreciation?
When he decides to take retirement, flip it to multiplex with 1031 exchange, for higher cash flow. Since he may not likely have income, multiplex will provide continuous income like Annuity.
Oh man… hot indeed. 
Better to upgrade now. $700k can be leveraged into a $2m property now. Higher cash flow higher appreciation.
Can find NNN nationally with 5cap return no hassle
How can one put a price on eternal bliss??? (Well, let me try…)
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