In Asia country, property owners buying property no longer for cash flow, but for the preservation of class status/hedging to black swan event and appreciation for the next 10 years.I checked institution that are smarter than me, their IRR projection (for SF) is around 8-9% so I guess those hedge funds that have long-term view, can still double their investment, in 10 years.

Individuals near retirement who seen their DOW Investments / 401K lose value may sell their home to preserve cash/capital.2.

The Council voted to have the City Attorney prepare a proposed ordinance, in conjunction with other city agencies:http://clkrep.lacity.org/onlinedocs/2014/14-1150_r...It seems like the idea is to legalize and preserve those units so they can be used for low-income tenants rather than destroyed:http://clkrep.lacity.org/onlinedocs/2014/14-1150_r...

When working through the details with an attorney think about 1) Consideration for tax implications, 2) Understanding of legal and regulatory obligations and 3) Preservation of eviction rights.1) Even when compensating with free housing (not sure if that is the recommended approach because of #3 below or perhaps a hybrid of subsidized and monetary compensation as Sue suggested) you will need proper documentation (equivalent comparable market analysis) to be able to report the operating costs for tax reporting purposes.2) There could be legal and regulatory obligations if you are considered an employer3) Just like hiring an employee, there is never a guarantee there is mutual satisfaction.

Talk to a CPA, but I think you will only qualify for a partial exemption later if you move back into it.https://www.merriman.com/wealth-preservation/planning-on-moving-back-into-your-rental-in-the-future-read-this-first/

A lot of my clients that are in a similar situation to the one you've described are more focused on capital preservation and total returns, than on CoC. 

So, either he was unlawfully working as a roofer while on SS disability or he lied in the communications we've preserved and you have a "not credible" witness.

If it is as heavily wooded as you say, has a creek, and some natural amenities it might actually be worth more with 3 lots with preserved trees that allow for natural buffers between sites, instead of maxing out lots. 

Add in a couple of years of deferred interest, property taxes, force placed insurance, preservation efforts, etc. and the balance is well over $200k, again irrelevant.  

@John Hovanec I would like to stay below $150k as capital preservation is going to be key....