@Brett Riemensniderwe don't know all the details, but as i said that's a very expensive way to buy property - if you can't afford a property without overleveraging then you might just have to save up more.

I saw many highly successful hard working people lose money to them as well as people who couldn't afford it.

The last lap can be frustratingly long I'm finding, but you'll get there.

@Thomas Farrell The BRRRR strategy can be effective with $400K in capital, especially in a market like Augusta, GA, offering affordability and rental demand.

Currently situated in San Diego and can only afford rent for now because house prices in SoCal are bonkers.

It's a stalemate due to affordability and either wages or prices give, I would bet the latter. 

Its affordability, ongoing revitalization initiatives, and strong rental market contribute to its appeal.

Like most markets, there is a growing trend in the area due to affordability and increasing more things to do. 

But Mathew's comments above have given me pause, as most of my friends in the neighborhood that could afford the rent of a new condo have a car (or two).   

Home values are much more affordable and the local economy is trending upward.