Zillow Advice: Buying Process - Are there any tips/pitfalls buying a $40,000 home as income property in Vallejo? http://www.zillow.com/advice-thread/Are-there-any-tips-pitfalls-buying-a-40-000-home-as-income-property-in-Vallejo/426092/ Zillow Advice | Zillow Real Estate Don't break the bank. Is ... http://www.zillow.com/advice-thread/Are-there-any-tips-pitfalls-buying-a-40-000-home-as-income-property-in-Vallejo/426092/ Don't break the bank. Is the rental return worth the investment? If you put $40k out and get a return of $1000 a month - any costs you have to pay&nbsp;insurance, sewer, maintenance, etc&nbsp;. It would take at least 6 years before you see your initial investment.&nbsp; Try to find&nbsp; a multifamily for a good price. A single family at that price is really a risk. I see one @ 3020 Georgia 4bd 2 bth priced @ $19000.&nbsp; This may be a good one to section 8. Evaluate the repairs and make your offer accordingly. <br/>I also see a lot of mobile homes, if these are common, there are a few in the &lt;$12000 range. Look into those and evaluate the repairs and the rental return.&nbsp;&nbsp; Email me if you have any questions. Mon, 19 Dec 2011 15:59:00 GMT http://www.zillow.com/advice-thread/Are-there-any-tips-pitfalls-buying-a-40-000-home-as-income-property-in-Vallejo/426092/ 2011-12-19T15:59:00Z