In the end, buyers would overpay for the actual property based on earnings.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I’m also based in California and invest in Detroit, where prices are far more reasonable, and there are still strong cash flow opportunities.Detroit has a solid rent-to-price ratio, improving economic fundamentals, and plenty of value-add potential if you have the right team in place.

Louis based and didn't realize how much he hated to travel to care for it! 

Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?

Based on your situation, you will likely need to recapture the depreciation when you convert the property from a rental (STR) to your primary residence in 2025. 

I contacted ALE solutions on Friday through their housing request form and just resubmitted with a longer term minimum based on what you stated here.

Based on my current savings rate, it would take me about 3-4 years to save up enough for the down payment on my first investment property.

So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.

He was a realtor based in the Midwest (I think the greater Chicago area) and was talking about off vs. on market deals and the importance of choosing equity over cash flow.