@Tomas Satas I think a big crash is always on the horizon.

You may find a hard money deal that is short enough (insert your time horizon for the flip) to allow you to build up equity. 

Consider your time horizon.  

I am just now starting to sell off some of my older homes because they are cheaper, paid off, and have CapEx's on the horizon that I don't want to deal with.

That having been said, the longer term (decades) prospects of the Central Valley are good as the coast continues to become more expensive so, if your horizon is long and you're roughly in the path of progress, you may want to consider investment. 

If you see some Eminent clouds on the horizon like a job lay off, then its ok to temporarily stop snowballing and keep building up your emergency funds.

I know there are big things on the horizon for REtech with underwriting, market research, crowd funding, investor relation manage TN, assets management (BI).

If we assume a $1m property, 4% appreciation, 5 year ownership horizon, and that the lower 1st mortgage amount gets 0.5% lower rate due to the larger down payment (jumbo loans are rate sensitive to down payment and reserves)...- Will spend $15k extra P&I payments.

Sometimes under a 203k structure, if you are not 203k approved i can get you approved, but work other than 203k jobs on the horizon!

I have 2 bed condo renting at $1100 in Big Horn (231 W Horizon Ridge Pkwy, 89012) since Oct 2017.I have 3 bed condo renting at $1200 in Traverse Point (45 Maleena Mesa St, 89074) since Dec 2017.Note:  I have upgrades on all my condo.