I have a real estate attorney that I have worked with in the past and will work with him on this also. 

Many investors have used this strategy successfully, whether by renting out extra rooms, a basement unit, or a duplex/triplex.

You can also search Google and read reviews.

Does anyone have experience with this?

Somewhere in the middle is likely your best bet for a 20 year timeline.I have almost 50 units here myself and that's about what my portfolio is cash flowing at this point combined LTV is around 65% as loans have gotten paid down and values have went up.

As we have all seen, Californians are leaving in droves over the past couple of years, and fleeing to Florida, Texas and yep...Arizona.As long as we continue to stay under LAs housing market for affordability, we are going to continue to net those homeowners wanting an upgrade to a bigger house or lot. 

Has this changed?

This is how banks verify property owners maintain insurance.

By doing this, not only are you increasing the value hopefully building you some equity (giving you some boost in your net worth) but also increase rental potential too. 

This will simply causes prices to be even higher, and continue to constrict demand...