That seems like a more realistic result than just “talking to the bank” and having them agree to let the arrangement continue.

I continued paying what I had paid before, with the additional money purely going to principal.The recast to a lower amount was purely to reduce my committed monthly payment to a point that I could get my property to cash flow if I had to move out (job loss, etc).

and for the record not here to bash, i know it has helped a lot of people and i know it will continue to improve. 

If the rules change then sell or use for a long term rental because the home values continue to rise.

In fact, invest outside Calif for sure.I suggest you continue to rent and buy an investment property first.

Should you choose not to renew your current lease you will only have to pay the difference of the last month’s rent you originally paid. 1750-1495= $255.Current Rent: $1,750Increase: $119New Rent Rate: $1,869This increase takes effect the 1st day of November, 2023.We’ve been happy with you as a tenant and hope you continue to stay with us for a long time.

Assuming the Oakland rental market continues to remain stagnant/competitive with newer buildings going up, is property appreciation the only way to increasing wealth with my building?

Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.

@Fed Finjap now you're better prepared if you continue to scale and eventually hire a PMC!

And then you continue to find ways to add value to property.Best of luck