That's always a gamble though and new construction rarely works for rentals. 

The appreciation game is speculation, but appreciation in Socal (especially in San Diego) is a decent gamble. 

Gamble?

People buy because other people are buying.You are basically gambling and yes you can win big, but you can also lose big.

The hope (gamble) is by the time you leave, market rents will have risen to the point where the property will cash flow.Life in general here is awesome (apart from the hideous smog and embarrassing schools).

I'm a crazy gambling fool but I'd be willing to let sign them all over to me right now, I will pledge you payment in chickens and MRE's for when the takeover comes...... 

Gamble?

Be warned that you are now speculating (educated gambling), and a gentrifying neighborhood can quickly fall out of favor. 

(Cashflow from other investments make this possible) They invest following the macro and micro trends and don’t gamble on gimmicks such as guessing where Amazon’s next HQ is going or where the hurricanes just crushed a market.

Our mortgage lender gave us the option to waive the appraisal - however, we have a clause in our contract that if the appraisal comes in over 10k low, our price goes down to appraisal +10k.So, we are leaning towards ordering appraisal anyway, on the gamble that it comes in low and we get a discount.