My endgame is to end up with $300k/yr in post-mortgage income in 20 years based on investments I make now followed by continued investments over the next 10-15 years own.

This gives you flexibility and a clearer understanding of how you’ll proceed based on market changes.

If the answer to the last question is yes, I think it'll be a hard choice.I see a reasonable appreciation rate for underwriting at about 6% based on neighborhood scout, so nominally I think you'll make 10-11% if you had paid cash which means I think you'll do quite well holding on (20% returns or so). 

I'm also based in California.

And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction. 

I'm just hoping someone with actual knowledge of it can provide some information that offers an alternate explanation.

My name is Zach Langley, and I’m a licensed realtor based in Dallas, TX.

Can you deny someone's application based on this despite it being a medical marijuana card & not technically breaking the rules of smoking indoors?

If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).

So bye-bye all the Brrr's and Multi's and what not, we need SIMPLE, right, a good simple SOLID base-hit, right.