This summarizes everything that is totally wrong, and eventually fatal, about California real estate.

@Nhu Vu there are lots of things we would need to cover here and it might take a while to go over all of them but I'll try to summarize the important items.Renting High Value Properties - Renting a $500,000 property for $2400 per month is a terrible.  

But to really summarize you need to warm up your leads to you.

I’m going to try and pull all this information together and summarize.

So to summarize: keep studying, save money and get to know a LOT of people in the REI world.

To summarize, I guess I’m looking for help on the following questions: Should I be looking for a cash flowing investment at this point?

My primary residence is walking distance to the largest employer in the city (Hospital / University (largely medical)), and I'm willing to bet anyone money that it won't go down in value as long as I live.So to summarize in general:Homes up to 150K flat or upHomes over 150K down 5-10%Homes in ideal locations have the ability to go up more than 10%My big question is:When are the commercial foreclosures coming, and what is that going to do to the weakened financial system?

But, the life experience that Del provides and summarizes in class - invaluable.

Even though it would be unsecured, I'd still like to list the property in the contract, and possibly have an addendum that summarizes the project. 

Bill did a good job of tersely summarizing Dodd Frank in general.