Also, like @Chris Tracy subtly points out, you may live in CA but you might be better off investing in another market, outside of CA. 

These areas have experienced significant price and rent growth over the past handful of years and there are several drivers that hint at continued growth. 

I guess you have to know yourself as to whether or not it's right for you, but know that most advice you receive will be VERY conservative, since nobody wants to give advice that could have even a hint of sending someone down a bad path.

Pick a high paying career that you have an aptitude for (hint, if it takes you 12 years to finish your 2 year MBA at Devry like a guy I know, you're probably not cut out for business/accounting).Use the excess funds from your career to buy income producing assets.

Again, as I said I'd start with the friendlier approach, hopefully they have some level of intelligence, get the hint, and it's over.

You all are right - I wont go the public shaming route - it does give a hint of satisfaction to think about it - as I've stated a few local area sports bars have done this with great success when things are damaged or stolen.I just got off the phone with an old college friend that has been an attorney in the Marine Corp JAG division. 

No hint of pull back..

I have no plans to move although that hasn´t stopped me from flipping several properties in and around Charlotte over the past few years (hint: I have great local partners). 

(Hint: you cannot depreciate land and you cannot apply a random ratio of 80% even though non-real estate savvy CPAs tend to do one or both of those).8.

The property was part of a condominium.Also there isn't a hint of fraud here on the part of @Nat Chan's attorney.