Is it an appreciation driven play?

I  would be looking for something near one of the many creek revitalization projects personally (I am hopefully playing a long game).

We want to play long <buy and keep forever and rent long term>, and were looking at homes across the bay area. 

Mario,They will know what to look at believe me and will understand what role depreciation plays when it comes to taxes.

However, I would appreciate further clarification on what you mean by having a Plan B, C, and D.In my experience playing the BRRRR game on a smaller scale, typically with homes valued around $200,000, I have found that it can be challenging to generate significant monthly income, Instead, the focus is often on building a portfolio without having to make substantial out-of-pocket investments, which is indeed advantageous.

@Daniel Lozowy work on your script.

These typically do not get the appreciation growth, but are cash flow plays.

You may have a soft spot for them but the feeling is not mutual, they’re playing you.

Decide which game you want to play.

On your first scenario at $145k value @ 75% LTV, you've got $32k to play with BEFORE fees.