Asked by Catherine Massaro, San Francisco, CA • Wed Jul 2, 2008
I am currently renting in San Francisco, and would like to invest my savings into some property. Unfortunately, I cannot afford to buy anything in SF. I was thinking of buying a rental property in Merced, and renting it out to cover the mortgage payment. Any advice? Location? Right time to buy? Should I buy something with the intention of renting to families or students? I am looking to buy something between 100-150k. Any words of wisdom would be greatly appreciated.
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