Thinking to buy a house now, rent it out for several years till my kids finish school here in better school district.
One of my friend bought a house as investment in Stockton, cash flow is good,
but lot of hard times to find a better renter. And the local tax is pretty high, for $140k house, besides %1+ property tax, owner needs to pay a lot more because of local tax regulations, yearly tax becomes upto $2900. This is way too high.
Does Tracy also have these kinds of problems because the houses are new there as well?