Vallejo California Rental Market Question
I purchased my first home about a year and a half ago in Vallejo, CA where I now live. I am thinking of buying a second home as an income property nearby. My goal would be to buy and hold and I am looking for some cash flow. This doesn't seem to be the best area for cash flow, but I would like my first income property close by. I would love to hear if any of you have rental properties in this area. What are the vacancy rates and how has it been finding tenants? Looking on craigslist, many apartments and homes seem to be sitting vacant. Any thoughts or advise?
Thanks!