I have spent 20 years climbing the ladder working for global corporations and that tends to always keep you challenged. 

The "deal killer" name is for emphasis, but the five traits are the description.

Like the emphasis on selecting efficient investments because of their economic prospects not because of their potential tax benefits.

You're free to wait 30+ years for them to die and hope their offspring feel different but global warming is quickly turning that desert into mars, so good luck getting anybody to move there.

@Gerald Harris Agree with these points, especially the emphasis on knowing your market and staying consistent.

Glad to hear that you have actually done a partnership like this, or any partnership in fact, therefore you're qualified to share your opinion unlike some of us who have not done a partnership and should not be allowed to comment.Despite investing through through the tech bubble, Argentine currency crisis, the shale boom, through the GFC, through global markets, through polar vortex's, through the oil drop in 2014 with Russia, there's no way I could qualify to come up with a legitimate and qualified response to such a partnership. 

If you dont sort out your global cashflow, this may only prolong the inevitable at the expense of your equity.Option 2 would be leave CA and shrink your balance sheet by selling the properties and paying off the CC debt.

Quote from @Li Li: I’m exploring opportunities in Knoxville, TN, for single-family home investments focused on long-term rentals, with a strong emphasis on cash flow.

Nobody owes the affordability being a right, and globally markets perform at a much wider ratio for median income:household, however, America is very local and industry specific.

I was employed with and carry insurance with a premier global property and casualty insurer.