On top of stretching your cash the bank will perform an appraisal.

I've been able to stretch and grow my investing through partners @Caleb Coblentz so sounds like a good idea to me.

@Edrin Shamtob  I don't know why you would want to buy out of California when there are so many places in California which cash flow though house prices are stretching that a bit. 

The crazy low rates push people into financing, and lenders stretching to get the yield has definitely helped the housing market and prices.

@Brett BrownYou may want to consider some hand stretches beforehand because assuming you are using bank financing, you are going to have to sign a ridiculous amount of paperwork!

They are pretty rough in this stretch.

I see no wealth creation, no financial freedom just on the horizon, NO massive opportunities to make my community a better place, NO stretching myself to see if I could be something better...   

The other way around, if the NOI is too small, your holding period would need to stretch out much longer.

My realtor has gotten me a few deals and I appreciate their time, but I see properties at times that I would like to place offers on but since he works with so many investors, he's stretched thin at times.

And I'm no expert, by any stretch, but just some questions that occurred to me as I was reading this.Best of luck, and keep us posted,Best,   JTM