In order to combat variability of product, the hedge fund I worked for tried to create rubber bands of expected renovations around the age of the homes.

Haven't found proven strategies to combat Proposition 19 yet. 

I hope you got an inspection contingency clause put into the P&S agreement as you could still back out if more problems come up in the inspectionNow the cash-out refi could work but that would require you to rent out the property for at least 6 months and pay closing costs again and now that the home is worth more you would have to make sure you will cash flow because everything from the taxes to the mortgage payment will be more per monthWith this being said the profit is there if everything with the comps are correct so I would say if you feel comfortable with it to go with that route.I also now am seeing this is a 3-month-old post so if it is going well then congrats if not then you will get'em next time (hopefully not losing money in the process) but if you didn't do the deal out of fear then I would say hit the books again (aka laptop) and get to studying and learning about all of your fears to see if more knowledge can combat those fearsHope this helps, good luck :)

You have to combat this outlook.

This story on a local CBS station has a couple interesting notes:-- The bill sponsor seems to say that he is trying to combat hotels that converted to "residential" for tax purposes.

Because inflation combat is there central focus. 

I buy a lot of properties in Metro Detroit and I've seen deals like that but those are in neighborhoods that I feel like I should be suiting up in full combat gear before I get out of my car.Realistically in C+ neighborhoods you should be getting a Net ROI of around 12% possibly lower and possibly higher depending on mistakes that are made and what kind of luck you have. 

Still looking for a property that has the ability to cash flow along with some built in equity to combat against future decline in property prices, which according to HAR.com latest press release it's already happening.

And are there any other ways to combat this?

Hey BP community,I am considering out of state investing for my first deal as I currently live in the Bay Area and am struggling to combat the exorbitant housing prices in the greater area in which I live.