The  low appreciation and rent growth meant return was not increasing in inflation adjusted dollars.  

Assuming you meant after-interest, the returns look great but well fall as you do scheduled debt paydown (so your equity, the denominator, grows).

Hey Mica,There's a load of good thoughts and things to think through in some of the other responses, and I'll add this:- when you are house-hacking it is fairly fluid and normal to be the live-in-PM. 

Dan MahoneyHi Dan,Can you please explain what is meant by DEED BOOK: XXXX/XXX (PORTION) Mention on a Property Information in Daily Report?

There not meant to define absolute states of totality. 

Plus a separate crew to clean up the spilled fluids. 

This isn't meant to be an ultimatum, but just a reminder to do it even if it feels like an inconvenience or a formality. 

These are mainly meant for first-time investors with low reserves, and you end up making a much lower profit margin due to the extremely high interest payments.  

But, as a disclaimer, this is general info and not meant as specific advice, etc.

Not to mention higher property tax+insurance.2. if we chase highest appreciation good quality SF OOS, the initial cost is similar to starting condo price in good appreciation location in CA and Hawaii.When home price is higher than average US home price (400k-ish), The "allure" of investment OOS has significantly diminish.Thats not what I meant: 500k makes no sense as an investment, you want to be somewhere around 200-250k.