I live in the bay area, Santa Rosa to be precise, if that helps at all.

For more precise info, you should speak with a local agent and/or local investors in that market who can guide you more precisely

Not only are they a tangible asset, but they also produce income.The appraiser allowed precisely $0.00 in valuation. 

And be precise. 10K escrow holdback to be released only upon buyer inspection that the property has been delivered in broom swept and vacant condition with no additional damages since initial inspection of property.

@Luke Klaiber, I may not have been precise in my language. 

The whole reason I am asking is precisely because I want to place myself in the best position possible to absorb future increases in property taxes. 

In general I believe it depends on *your* specific objectives and precise metrics: ROI/ yield, cash on hand, timeline, your time investment, skills you could leverage/ take advantage of (your strengths/ level of experience / skills to add value at each step e.g, hands-on remodeling vs. hiring a team), etc. 

For installing, laminate floors are easy to install whereas hardwood flooring is much harder to install and requires precision cutting, and lots of experience.

Just know who to ask.In terms of your questions:Year built: varies so widely with location you won't be able to get a precise answer.

@Whitney Hutten Hey, sorry for the delay.Thanks for beeing specific & precise.