This is an old thread that was revived with the recent reply, and re-reading it now, I want to correct a couple things. 

Just a couple of notes:You need 8712 sqft of land for 3 units for r-2 in Tucson.  

This can lower your tax bracket potentially and you earn interest on the income you would have normally paid Uncle Sam.10) At the close of escrow, move funds outside of the taxable estate to avoid the 40% estate tax on amounts over $11M single or $22M married couple.

I've got a duplex built in 1888, and have a couple of cold rooms, upon inspecting the basement, there is no insulation under the floor of these rooms.

($5,000 / 1% = $500,000) --SeanHi Sean, a couple quick points: 1.

I had a couple of people suggest to me to sell my appreciating Bay Area SFH so I could acquire more "doors" and theoretically "cash flow" more with OOS properties.

It is when people put the self placed “roadblocks” in front of them and are too scared to dip their toes in.This is something that has been really resonating with me after going to a few 2 and 3 day events from a couple of the local guys in our market recently.It isn’t necessarily the actual tactical real estate that is the hard part, but the bigger challenge is actually believing that we are capable of doing it and taking action towards that.

If it furthers our goal of a couple acres and a home in Texas in 8-11 years without being a slave to the system, I’m all ears. 

Lots of growth but cash flow is a little weak after the first couple years you buy properties.

It couldn't hurt to call a couple attorneys right away to see what they say in terms of cost and suggestions for dealing with this quickly.In terms of mitigating any legal issues with your tenant be sure you are documenting every conversation you have had with the HOA in terms of asking them to make the necessary repairs.