Long term lurker, first time poster.

[S. Lamont]

Long term lurker, first time poster. I'm a 38 year old, Norcal based tech worker. I recently purchased my first home in November of 2023 in Sacramento. I lucked out and was able to buy a house below market value from a family friend who was adamant about selling her home to an individual and not a private equity fund, or someone who intended to rent or flip it. This woman is 104 and I consider her a saint b/c of her unbelievable generosity and kind nature.  What is awesome is that b/c I got the house below market in a very competitive market (average closing time is 27 days) I've immediately walked into about 50-60k of equity. Now I'm looking to purchase my first rental property. Preferably a 4 plex somewhere in the 200k (or less range). I'm extremely risk averse by nature so this community has really been special for me. I'm hoping that I can leverage the community and the plethora of tools available to us, in order to find a turn key, income producing property. I've heard about how rehab projects can net substantial results. But since I'm early into this journey I want my first rental to be one that involves limited renovations. I appreciate you all so much and look forward to what's next. 

[Eric Gerakos]

If you are "risk averse" a $200,000 4 plex will be a much riskier investment than spending more and buying where people actually want to live. Cheap properties are riskier.