Multi family rental in Bakersfield
Hello,
I am first time investor and looking to buy multi-family 2-3 unit property in Bakersfield. Looking for any tips for how the rental market is in Bakersfield, is demand for rental holding steady or if its in a decline. Is it generally better to own multi family on east vs west? I ask this because I have heard from one family member, who lives there, that rental demand is declining and oil business is slowing down. I'm uncertain to how much truth this is.
I'm hoping to get something in an area where there will be renter demand and turnover won't be too frequent of difficult.
Thank you for any insight and help!