Water will revert back to the owner on their taxes if the tenants leaves a balance.

I have a 30 year fixed mortgage at 4.87% , loan balance $125,000.

I bought a house for $30,000 in San Diego County using creative financing this summer (2017)Quick FinancialsPurchase - $286,000 ($30,000 cash to take over mortgage subject to)Mortgage - VA Loan @ 4.25% on year 3 of 30Mortgage Balance - $255,XXXRepairs - $10,000Total cash invested - $41,000Current Value - $390,000 ($100k equity picked up)Payment - $1752 Rented - $2250Here’s the Story… The lead hit via my website, the seller wanted out of his property, I hadn’t taken the lead seriously in February.

Essentially, this says that if you transfer or sell the Title to your property, the mortgagee (lender) as the right to call the entire principal balance due immediately.  

I think, though I don't know as this property is a new area for me, it got me an additional $50-75/mo rent and a tenant that wants to stay for a long long time.So it is a 3 year pay off for the cost, but the intangible benefit of reduced vacancy/turnover and maintenance I believe will more than pay for itself in the next year or so.There is a balance to taking it up a notch versus over improving, but striking that balance will definitely payoff over the long term.

I have some cash that I can use for down payment but will need to finance the balance.

Depending on the quality of the asset and your personal balance sheet, you may have a hard time finding a bank that would allow that. 

Here in Clarksville, TN, where I manage properties, we have a very healthy balance of cash flow and appreciation.

You can also also the applicants to pay a holding fee or negotiate a longer lease so you minimize vacancy loss next year to help balance. 

I'm just wondering what the value and appreciation would be without price controls not to mention the societal impact of a more balanced supply.