I don't have calculated statistical data to back this claim up, and it could be regional, but it often seems that appraisers are more generous when it comes to appraised market rents than they are when it comes to value.I'll not bore you with the math, but the arithmetic is more generous if you do not intend to live in the property than if you do intend to live in the property (If you aren't going to live there, it is in theory possible to have a calculated DTI of 0.000%... which is in part why commercial financing uses DSCR not DTI). 

Final bonus for California investors is prop 13 will ensure minimal property tax increase so as profits and value increase the taxes stay fairly flat.  

A bonus question : How many months does the bank give a person to pay their mortgage that they are behind on before they foreclose it?

A bonus question : How many months does the bank give a person to pay their mortgage that they are behind on before they foreclose it?

Achieving economies of scale may best be attained through volume, but learning how to do it on a small scale will pay generous dividends later; pitching the concept to investors will be much easier when you can show concrete results, and extrapolate from those results instead of being forced to rely solely on projections from a concept.

Appreciation will then be your bonus for good work done and finding cash flow will ensure your purchases have a legitimate margin of safety.

IMO Trump wins, taxes get cut, rates go up, import tariffs go up, thus forcing business to move back to the states with the added bonus of cheaper cooperate taxes, means lots of jobs, it's basically free money, and cheaper to do business in America vs somewhere else.Any good business person knows, it's not your product that makes your company successful, it's your people, so hire a lot of them.

I consider them bonuses for my tenants. 

Have you tried to offer one of the tenants a $bonus to move out?

Any tax advantages are merely a BONUS side product.The way I figure it, the OP should still be up for more tax each year than if he fell for the trap of investing into negatively cash flowing properties PURELY for the tax deductions and hope of future appreciation - but, not NEARLY as much extra tax than if he hardly leveraged his investments at all.