Then a bank will lend on the two as if they were one and that will result in a higher lending amount.

A few weeks ago I wrote a summary overview to our investors in both funds to prepare them for probably lower returns in the short run from potential higher defaults.

The California method is you buy High and you sell HIGHER.  

Does that mean it's on a roll and will go a lot higher or is it likely to do what it always does and correct?

Also be aware that cash out refinances typically have slightly higher rates than initial purchases or just rate and term refinances.

@Jeff Shaver You can leverage your $550K equity by selling your San Diego property through a 1031 exchange to invest in a higher-cash-flow asset, like a multifamily complex, while deferring capital gains taxes.

Perhaps your rents are just higher, but I wouldn’t suggest getting into a negatively cash flowing property especially for your first one.

If the insurance is higher, like in a flood zone, or hurricane zone the net will be lower. 

However, vacancy means covering 100% of the expenses.Multifamily properties almost always generate higher cash flow due to multiple income streams, which also reduces the risk of vacancies.

Contrary to popular belief, this is not set because I believe it will give me a higher return.