Having shared that, my extended family acquired its 'empire' (as I like to refer to it) by forming partnerships with friends and family; it is an alliance that has been maintained and valued for decades. 

For example if your real estate empire earns you $100K, but you only need a salary of $70k to live on, then you wouldn't have to pay any additional FICA tax on the remaining 30K.  

Hi Mia Trasolini San Diego is similar to L.A and other coastal CA areas these days pretty much an appreciation speculation play.Many investors are looking out of state but there are parts of CA that cash flow .ive heard of people cash flowing in Inland Empire areas and also I know it's possible in Central California .

I also work for the City of Surrey in Land Development Engineering in case anyone wants to reach out with local land development questions:)  

Would you have recommended a property closer to the bay side or further inland (such as Foley or Elberta)?

I host one in SF, and there's a few that are hosted downtown pretty regularly - just be careful of people trying to sell you solar panels or trying to get you to invest in land in Costa Rica and whatnot...The one that is hosted in Milpitas is supposed to be very high-quality but I haven't made it out there yet! 

Did you factor in land? 

Does anyone have any experience with a Joint Development Agreement in land development?

I am not sure I would refer to any of these as up, but I expect them to out perform the county over the next decade:- West Chula Vista: can you think any other city that closer to the coast is cheaper than inland?  

Check out Empire Property Management!