I think it could be a good way to start since interest rates are still historically low. 

You reside in a market that historically has produced one of the best ROI for buy n hold in the nation and you are considering buy n hold elsewhere. 

This is clearly specific facts and circumstances based but I’m curious to know whether based on historical returns you would have decided on a go vs. no go on a property when you were on the fence due to these variable assumptions such as repairs and capex and your historical experience is tipping toward a lower % than the assumptions being used when analyzing.

Since ~2012 interest rates have hovered between 3.5-4.5%:This was extremely low by historical standards:At the same time, property prices were crushed from the financial crisis.

Similar to @Michael Guzik's mention of Cardone using historical rent, a conservative stress test for your current portfolio is to run a net worth (balance sheet) based on what you paid for the property, not the current market value, vs debt.

@Jathin ReddyI do not know what was meant by "Lease options can work in any market" but I think an owner who does a lease option in coastal So Cal is a fool.I will run 3 scenarios:Property appreciates like it has historically or worse for the owner appreciates like it has been appreciating the last 6 years: Tenant uses option and purchases the house.  

I've talked to many friends/family and I just dont know what the right answer is - but almost unanimously everyone says two things, "These are historically low interest rates."

For example, there might be a 5% premium in your area because historic sale figures support the fact that your neighborhood sells for 5% more than comparable homes in other neighborhoods.

Account ClosedBased upon historical median home prices, LV highest was $341k in July 2006.

Including a brand new $50,000 roof in 2017Current property taxes $4,377/yearOwner pays water & sewerAs this was a complete renovation there are no historical financials