Another criterion that I did not put in my original response was that we had to establish boots-on-the-ground partners in the market.

And you are right, it is a big risk betting on the appreciation.Our strategy to wait to buy the bigger house originated from the multiple factors (interest rates, inflated prices, no need for moving just for elementary school and unstable professional life).

So then you're negative in your investment because you had to pay taxes and insurance during your hold period...and maybe HOA dues or other fees....mowing, demolition, etc.   

Does that mean net cash in your pocket after interest, taxes, principal, insurance, repairs, maintenance, credit card fees, etc.?

If i sell this, i may be able to net between 189k - 230k depending on what i get, not including fees (agent)  and capital gainsGoalTo be financially independent in 5 years or less so i can travel the world more.

Concerning the stepped up value - I think the cost basis for 1/2 of the property is stepped up and the other 1/2 is my original cost basis.

Did city work  easily on you @ permits and fees?

Please ensure that the 3 day includes all parties on the original lease as well as "ALL UNKNOWN OCCUPANTS".

Their fee is 9.9% of the total amount we use (for this property we only need $30K so the fee would be about $3K, with typically 0% 12 month term, payments at 1%).Is this typical?

Say something like this https://www.loopnet.com/Listing/1247-Portola-Ave-Livermore-C...I am originally from SF Bay Area .