Southern California investors, please advise.
I'm ready to make a purchase and prefer to keep it close to home in southern California. Keeping in mind the cities where prices are high, the demographics undesirable, or new businesses or homes being built etc., what areas are worth (or not worth) an investment property?
Around 600K
4,3, or 2 unit properties only
Investment property (live in one unit, rent others out)
I'd prefer 3.5% FHA to free up more cash for a second investment property in 6 to 12 months.
I'm particularly wondering about San Bernardino, High Desert area, Riverside, N. San Diego, Palm Springs area. But i'm open to any place in So Cal.