. - if you need two stairwells and an elevator, that will of course drive costs way up and it also eats into your floor plate area and can crush layouts on a smaller building, possibly turning your small CMX2.5 lot you'd planned to build 5 stories on into what may as well be a CMX2 lot and allow only 3 stories, since you can't actually fit 2 stairwells, an elevator, a hallway all the way through from front to rear, a small lobby, a mail room, etc.

That will drive prices up. 

At some point, you have to get behind the wheel and drive in order to learn. 

Some people are comfortable driving a clunker car others want a status symbol vehicle of some sorts . 

Driving by dollars How did you finance this deal?

I did a local renovation where I was onsite at least once a week and I went over budget by more than $50,000 but because California properties appreciate or at least hold their value.If you can find a way to invest in the LA area or within driving distance you have a lot more control than buying 2000 miles away and doing a renovation from far away.

I'm not sure if these high tech salaries will continue, some of them get compensated via RSU (Restricted Stock Units) My suggestions were to house hack (if they're still renting) or within a 2 to 3 hour drive.

I have a standalone former drive thru bank that is now a vet clinic. 

Impossible to tell which would benefit you most.I have found that lenders value the house in different ways; one is a full appraisal and the other is an automatic valuation…my credit union did a “drive by” valuation.  

I flew out there and did drive around the neighborhoods - they look much different in person than in photos and video tours (I do know a few CA investors who buy sight unseen in multiple states but I think their risk tolerance is higher than mine).