I can understand your conundrum because California house prices are already bit stretched and better values are in other areas of the country.

Give the tenant their deposit back, spruce up your unit, be THANKFUL you had such a good tenant for that long of a stretch, and keep it moving.

The BRRRR strategy is great to stretch your money further.

After a long stretch in RE, you may have relationship with other successful RE investors that would possibly mentor your child but not a teen that they did not know or have relationship with their father. 

Not bad, but that's all our eggs in one basket here.We have wanted to leave California for some time now, so the thought is we could sell now and capitalize on the last little stretch of these inflated prices.

Maybe after DOM stretches out for awhile, they'll reconsider.I can't imagine buying a 4-plex with a gross rent yield under 20% (with landlord paying water, tenant paying heat and personal gas/electric), for any class B+ down (net yield around 10%).

I've continuously had two questions since the start of this disaster - -with all the plate shift and tectonic activity on the ocean floor, why don't oil leaks like this ever occur naturally (guess we are just poking holes pretty darn deep where they're not supposed to be, perhaps the sheer mass of the colliding and stretching plates contains these pockets)-what would our attitude and reaction be if some other country had this going on - it will affect the rest of the world even if it's only ever visible on our coastlines

You could make the stretch that this relates to REI if you plan to spend a lot of time nurturing people until they can buy your property.

Consider this: The borrower may select either a 30 year FRM or 5 year ARM--neither of which can be considered a subprime loan by any stretch of the imagination.

And I agree the trend you mentioned  (I only know how we stretched to get into Cupertino from Milpitas)!