There may already be, or there may be tomorrow a rent cap of 5% increases.

- To refinance it needs to increase in value by 18% which means four years.

In Venice, my old rental just came on the market..It was previously $4500/month and asking $6500. lol Coastal California in particular (or anywhere on the Pacific Ocean - including Mexico) has become increasingly unattainable for most investors or retirees.

We actually have refinanced all our loans from when we first bought them to lower rates so over time our income increased because now we have low interest rates. 

If you want to pay off debt faster and increase cash flow, consistent monthly payments might be best.

@Chris Martin So, if I am understanding these charts and perhaps your point, its really the credit cards and other revolving plans that have increased?

I have one simple rule..

The deal still makes sense even after factoring in a 60% increase to the HOA fee.

Some even say the MLS is the best place to start but I have found the increased competition to be rather challenging as my offers tend to get beat repeatedly. 

IIll try to keep it simple because this is an action packed question.Pros:Cheaper than your current market possibly and you truly learn how to manage people in a way not many can.Cons:Managing people in a way not many can.