This can provide a hedge against the market cycle risk.All of this means that you can have your cake and eat it too, but you have to align yourself with a group that understands the risks and executes with capital preservation first, and return second.

We paid about $5500 for our plans for a 1850 sf house that preserved the foundation and a few walls of an existing home.

The map was drawn and was on the Office of Historic Preservation's website.

Preserve your wealth so you can scoop up the bargains when the smoke clears.PG

This leaves many retirees and future retirees at risk in my opinion.Financial planners tend to recommend investments that will only preserve what is left when you get to retirement age.

So it's mostly Silicon Valley techies that graduated a year or two prior buying a 45 minute commute, or investors trying to preserve capital:I want to keep $175k or $250k in my pocket for a 2-4 unit investment property down payment, but if I don't find that property then I want to be able to apply it towards lowering the payment on my primary residence. ^ Pay the 2nd off if you don't find that fourplex you were looking for.

And those type of rentals in my humble opinion are the province of local investors who own a lot of them and run them as their business model.. for out of area investors the cost of owning will strip most cash flow over time.. to down right losing capital.. and capital preservation is a must in this business.

Preserve is better than looking at another house.

Plan is to invest in solid cash flow in a much less cyclical market (KC), to build cash flow, and preserve and build equity (secondarily), to be well positioned to buy deep in the next down cycle in my home market of Phoenix. 

So one thought about that is to buy something with a small cabin on it that can be rented .. so you preserve your ability to build.. other than that not really complicated at all..