The Cash Shiller index is averaged over 20 cities, SF might be the outliner for the time being.

We have average RE tax increases of 8-10% per year and there is no way to offset that with increase in rents.

@Upen Patel do you have non conventional products for rehab?

We also have access to many more products than that of your bank or credit union with minimal overlays. 

Would it be worth it to spend the extra money on a little better of a product? 

@Brian Schmelzlen  Our approach has been to identify the target markets we want to be in, then choose a broker who understands exactly the product type we are looking for and is well-connected in the metro area. 

The average rent cost on the block averages between $400-$500 per room.

The main thing is whether the locations and times are convenient.Just for planning purposes, the average time from shiny new license to your fist check is about 90 days.  

If you follow all the rules you will avoid any gain on the property you sold, remain invested in productive real estate, and receive the whatever tax benefits remain in owning a house after any tax reform is completed.This would entail many assumptions and an after tax cash flow analysis but I think the best and worse case scenarios would give you some comfort in making a decision. 

Did I choose the right Loan product ?