Many of the neighborhoods which intersect with downtown are experiencing waves of new residents looking to join in on the action. 

,I have sold and been managing properties that are near the MIA and haven't had any complaints from residents who are living in them.

You can also do a live in flip where you use the equity to sell and reinvest down the road.

I feel like the seller would wait and I could just buy it in cash since I do plan to refinance it anyway and pull out the equity once I’ve done some repairs/upgrades.

Wouldn't a guest under that policy be a friend or family member you have over to your primary residence? 

In popular markets equity will usually far out pace the cashflow, it's part of the reason people invest in CA.

Im basically looking for advice on how i can save as much on taxes as possible.Part of the property is your primary residence, which does not qualify for 1031 Exchange treatment.

I mean I highly doubt( but sure there will be other who say otherwise just because) you will find a very good investment property listed on MLS or other publically available service.On a side note if I did have aprroximatley 400k equity in two of my homes could I use any of that to invest in another property?

This is where most people start getting nervous. And, honestly, it's for good reason. Having good residents can make owning a rental house a breeze, but bad ones can make it a nightmare. Fortunately, there are practic...

How do you think you'll get another 10% equity after 12 months of payments?