I would definitely recommend house hacking because of the advantages of an FHA loan but "deals" are definitely trickier to find in the LA area because of the demand and a large number of investors in LA.

I also went to undergraduate in PA and grad school in AZ, and in both locations large apartment complexes were being built, and the local landlords couldn't compete in one location because of over development by the large corporations.  

As to "(if) we don't run out of water" I'm betting that one of two things will happen sometime in the future, 1) it will be decided to pipe the Columbia river from Washington the way oil is currently being piped across continents, or 2) a process will be developed to desalinate seawater cheaply or a process will be developed to bring moisture out of the air which can currently be done on a small scale.

People are attracted to the area during every season and there are a few large festivals that bring large crowds.The restaurant and brewery industry have a solid foundation here which attract people.

That said, the bay area is large enough to have a population of Atlantans who might be visiting GA anyway. 

In NJ under the Anti-Eviction Act, a landlord cannot impose a rent increase so large that it is "unconscionable", meaning an increase that is extremely harsh or unreasonable. 

Extremely long term, that would become our retirement home - but for the 3-4 year term, it'd be a live-in flip (once brought to a base level of livability), then a SFR.The owner is an LLC, which owns a fairly large stack of land along this water view road and a set of other similarly old, uninhabitable houses on completely neglected land.

I know to a large extent Seller’s and Brokers are interested in your “resume” which is why a lot of people invest as LP’s or sign on as guarantors for agency debt before sponsoring their own deals.

Additionally, I have a decent amount of flexibility at this job and experience large periods of downtime on a daily/weekly basis. 

.- We can add language to the documents that allows preferential treatment to large institutional equity.