I am also a public speaker, author, sometimes radio show host, and if I was better looking I would have a TV show (been interviewed 6 times) All of those things fall under my real estate umbrella.  

I'm not a financial advisor, I just play one on TV, nor am I a securities attorney, and I don't know a great deal about your specific goals or situation, but I would not put all your eggs in one basket to start. 

California is definitely outside my knowledge base other than scratching my head how a 1,200sf property can cost $500,000 on the flip shows on TV!  

When the compressor for the fridge kicks out, its nice not to have it on a circuit with something else such as a TV because the inrush current is higher.

Landlords typically dont pay for Electric/Gas/internet/phone/cable TV/oil, so why water?

Yup plenty of dollars from talk shows, selling books, tv shows, seminars etc.

Originally posted by @Jason Moore:@James Edward does anyone think that (a part of) the lack of inventory is due to all these darn home improvement/house flipper tv shows?!?!

Thats saying since tv repair shops lost market share then all repair shops will also fail, there is simply 0 logical sense or data behind it. 

Inexperienced people willing to spend large amounts of cash trying to get-rich-quick based on something they have seen on TV.

Write to the Travel Channel, get on Ghost Adventures, your house will become famous, raise the rent due to people wanting to live in a haunted house they saw on TV.