If you absolutely had to buy in California, and your mortgage rate is in the 4 to 5% range, another way to phrase this question is: "...where in California is the cap rate higher than your mortgage rate"?

I love the phrase “trust, but, verify.”

@Jessica Piff  to phrase it differently your max loan regardless of form is likely $28,000.00 so it would need to be an inhouse loan for a bank.

The wording does take a minute to get used to but I like the old timey phrasing. 

I want a nickel every time someone uses the phrase "cash flow negative spouse" ;)Probably not very helpful with the ladies..

Improve the search tool - We should be able to search for phrases in quotes, etc to narrow it down.

Tonight our small investor group will start an open ended conversation about how to go about making an existing older neighborhood in our community into trendy and popular neighborhood with more of an urban identity.

Nyala,Great way to phrase that question.  

@Jay Hinrichs the real interesting trend is HELOCs as a form of refi; regional banks are basically pitching the old 5-year interest-only ARMs as HELOCs to wrap up 1st and 2nd mortgages.

I haven't done one, but I'd search the forums for that phrase, and also look at Brandon Turner's book.