It is just rate and terms refi, so we can increase the construction loan amount which will be taken on draws. 

High appreciation markets have higher rent growth.  2) prop 13 basically means property tax increases will be small (2%) regardless of the appreciation or rent growth. 

There are tons of opportunities, but the niche of San Diego tends to be purchasing small 1-4 units and adding ADUs to increase density (if that is a strategy you are considering)

He does not put your money in a simple inland fund or some other big conglomo with 4% returns.

Always put them under contract (simple two page one, not CAR) before you do your inspection.Good Investing...

@Troy WelchI don't think the location of the CPA matters provided that they have a solid background in Real Estate and software/tools to support you remotely.Finding a Real Estate CPA is simple.

Keep things simple with one list and check the property thoroughly when tenants move in and out, documenting any issues.

Susceptible to all of the items listed above, plus snake oil schemes, and outright frauds.Also, the "Double-Downer" - They DO get started, but once started, can't stop, and just continuously raise more and more money, for ever increasing "doors", and bigger, and different deals.

Search for regions that are seeing increases in employment, population, and economic prosperity.Discover your alternatives for financing multifamily real estate.

Honestly, that does seem silly since this is such a common/simple transaction, but thought I'd ask.