This puppy is coming down.Keep an eye on China, when that domino goes, the rest will follow.The Fed is going to raise rates one or two more times this year before they as Ray Dalio put it "tightened themselves into weakness". 

Flipping is tough because we get a ton of out of state investors who are fed a line of malarkey and just don't understand our market...

If we go into another recession (many economic indicators show we're already recession) the fed is out of ammo.  

The last thing you want is to go cash flow negative because of something totally out of your control... i.e the fed.  

Books can be equally broad, but you can't read while cutting the grass.  

I’m in the 28% tax bracket for fed and 6.7% for California (my actual California tax rate is 9.3% but the 6.7% is net of federal tax benefit for state taxes paid), leaving me with a total tax savings of 34.7% x $10,000 = $3,470 (and this number is low because the $10,000 of tax deductions in excess of rental income is a low number).(3) Combine these $3,470 tax savings with the $7,500 increased equity and you got $10,970 in annual economic increase by house hacking vs. renting for $600/month.(4) There’s appreciation potential over the next 30 years that I hold the property, especially where we live in California.For the reasons above, if you’re currently renting, this is a no-brainer.

Living there in that class is not easy but doable: if the neighbors clean your snow and cut your grass, you are part of the neighborhood already...please make sure to not disappoint them and give something back to the community...I would also recommend to read @Al Wiliamson, how to be a Leading Landlord, his series of threads here on BP about taking action and change a neighborhood.also beside your family discount, what does you dad and granpa told you about the neighborhood?

Over grown grass.

Hey I have heard all the time to look for houses that have super long grass and overgrown shrubs because that would indicate they are abandoned.  

Seems like a surge in "good time to sell a home" since The Fed 'unleashed' its rate rise environment... maybe time to back off that rhetoric before they implode another welath-destructing bubble.