That's an impressive feat at any age, so much more so at only twenty!

Btw, if the Bay Area economy continues to roar like it has for the next 3-4 years, expect many more cities to try and pass local laws like this.

My parents bought homes in SoCal for twenty-something thousand dollars, but that was back in the 1970s.

Back in 2010, I bought a very old (circa early 1800s) cabin right on the Roaring Fork in downtown Gatlinburg that was an absolute dump. 

Once I get started in REI, I think I'll try to avoid the younger tenants (early twenties) both in the military and in college.

My brother's old house up in the nicens far suburb of Cranberry, on the other hand, has taken twenty years to double in value.So I just have no pity for the twenty-somethings looking down over well-trodden, well-described roads and complaining that it's horribly unfair that they just can't go on autopilot and do as mommy and daddy did and be fine and dandy forevermore.

Also, if you aren't already connected with a local realtor who is in tune with the market I would recommend connecting with @Matt 'Roar' Gardner or @Avery Carl. 

The poster is far from judgment proof, and a firm like mine would most likely go after him if the right client came along.We routinely reduce such cases to judgment and have approximately twenty years to collect on such judgments, gladly sitting on a secured lien until we decide to garnish your wages or foreclose on your house.Again, I reiterate my position: If you are risk averse, hire an attorney and get a good asset protection plan in place.

I understand that if I tried farther out, I could find places in the 400-600k range that could cash flow better but I really don't want to live in the suburbs when I'm in my early twenties.

The Twenty First week is now posted.