Are there any tips/pitfalls buying a $40,000 home as income property in Vallejo?I'm a first time home buyer with $40,000 in savings and want to use it as income property. December 17 2011 - Vallejo00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.