Robert Kiyosaki stated that the historical market crashes every 8-10 years.

My wife and I have two Airbnb properties in the Coronado Historic neighborhood and they both do really well. 

It is in a neighborhood called "Mount Hope" which is on the rise historically but compared to the rest of the East Side is usually the least desirable in my experience. 

Historically, I've picked about 6-10 properties to view in different class neighborhoods so that if I didn't find anything specific on that trip I would be comfortable purchasing without physically seeing it. 

However, historically San Diego has great appreciation both rent and market. 

There is a historical plaque on the front of the house and they say there is a possibility the house is on the national historic registry.2.) 

And yes I feel their maintenance costs are high, so I have some outside contractors also ready to go give me additional bids if they are very high on something, as they historically have been. 

Here are a list of advantages (not in my order of importance) 1) FHA (lower down = reduced entry cost). 2) self managed (saves ~12% annually in PM fees and provides the best opportunity to learn). 3) Expertise in the market (you live in LA and know the areas of LA). 4) Does not require the trust of a team that OOS investing requires. 5) Historical appreciation (both rent and market: There are few locations in the country that has historically produced the ROI for buy n hold of LA. 

Either way, we are still at historic lows.If the govt. gets their proposed infrastructure plan approved, expect an already tight labor market to heat up, causing inflation and eventually Fed action.

Interest rates are going up but they remain ridiculously low from a historical perspective.