Lenders with the better rates are churning through loan files a mile a minute.

To expand this hypothetical scenario further, let's say you have a Personal Credit Card that gives you a LOT of perks, for instance, airline miles, hotel credits, cash back, etc.You want to use this card for ALL your business purchases and get the benefits.Will this fail an IRS Audit even though you have all the receipts and the Credit Card Statements?

I am looking for areas that have potential for rental and price appreciation, but, have not become so hot as of yet that they are unaffordable to hard working younger folks.Any thoughts, criticisms, recommendations, referrals to areas (mainly interested in the Southeast US), service providers, etc. are thoroughly and greatly appreciated.

Look at comps in the neighborhood or within 1/2 mile. 

Which Avg rent in a 2 miles radius for a 2/1.5 is $800.

I look for 3 similar properties that sold in the last 3-6 months within 1/2-1 mile radius for comps. 

Look for somewhere in the Midwest or Southeast where you can buy a house for significantly less money than California.

One idea that DOES appeal to me is going up the beautiful Hudson River Valley (not much farther than 100 miles away) and investing in a part-time rental that I could buy completely using only about a third of my available equity, with the goal of renting it to vacationers and occasionally using it with my own family.

MHP assignment opp to make $10K/mos net cash flow: Park $635K purchase price ((Frank Rolfe formula value of $690K) Full occupancy valuation is ~3X this amount71 Lots/32 occupied (all tenant occupied- no POHs), $325 lot rent Comp- MHP less than a mile away is 90+% occupancy @ $400/mosUpgrade opportunity RemeterRaise rentsInfillLocation Midwest- MSA 335K populationAverage home $148K$46K HHI10% pop growthDiverse employment with two large universities within 12 milesUtilities Septic/wellCounty approval to connect to city sewer and finance project over 20 years.

It's in rural far Northern CA in an old gold mining town @30 miles south of the Oregon border near Interstate 5.