I ALWAYS require MINIMUM 3X rents in gross household income, no exceptions other than pre-paid for FULL lease term (yes, I lease this way, not theory).

I reviewed other market conditions (population growth, median household income, etc.) and I ended up passing up on this deal since it didn't have a population growth over the past 2 years. 

The appreciation and B+/A- area being under nat'l median household price is a win. 

Preferably condominiums?

https://www.phila.gov/CityPlanning/resources/Publi...pg 40/41"[1] When the proposed use is in an attached or semi-detached building, the household living use regulations of the residential district to which it is attached apply.

The article, mentions a household would need at least $114k to afford a median priced home ($420,000 as of writing).

Currently readjusted my household cash flow to focus on debt reduction and cash savings that way I can invest within the next year or two.

My wife is a veteran real estate agent in SF and is very focused on continuing to build her book of business, so I'm leading the charge in the household on the investment side.

Considering you currently have 0% household expenses, I believe this should actually be less risky if you currently live for free. 

Thanks for the notice.Exemption Conditions for Single-Family Homes and CondominiumsSingle-family homes and condominiums are only exempt from AB 1482 if BOTH of the following conditions apply:The property is not owned by one of the following: a real estate trust, a corporation, or an LLC with at least one corporate member.