Newsflash: Considering Bay Area home with detached rental unit

I found a couple who wants to part with their 1 bedroom single family home in a very desirable part of Berkeley/Oakland. The home also comes with a detached rental unit in the back, that they currently rent for $1,800/month.They said they’d be happy to discuss selling to me before putting it on the market, which (at least in this area), I’m assuming is a good thing. It seems like a great opportunity to get something that would allow me to stay in the area long-term, which has always been a dream of mine. Before getting too excited, and given I’d be a first time home buyer in one of the most competitive markets in the country, I wanted to see if you guys had any thoughts. The home wouldn’t be available until early 2017, so I’m in no rush, but I figured it would be a good idea to start gathering information now.They also said they’d consider owner financing, so that’s something else to consider.Thanks in advance!

Read more at http://www.reddit.com/r/RealEstate/comments/48d6op/considering_bay_area_home_with_detached_rental/

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