Now, if one works from home but their job is in another city, how does this situation play out?

If he sold, that is quite of bit of money to play with and your father could pay off his bills and be set up for retirement and maybe have some to leave over! 

Lubbock is a decent play and has moderate cashflow and appreciation.

Play close attention to the insurance policy as to what is covered after a potential occurrence, and replacement costs.

One play you could do is a cash out refi if it doesn't effect your debt service too much, and still cash in on additional appreciation in the CA market.

Every person who picks up the phone to call on a yellow letter or similar marketing play is motivated. 

@Nadir M.As you said, lots of talk, here's the main BP market crash conversation: https://www.biggerpockets.com/...Just discussed with my broker friend @Will Fraser, he expressed that perhaps holding onto some cash and waiting until BRRRRable properties are not selling 10% above their value would be wise, but if you like playing in the ball pit with all your friends, I get that!

I have seen this type of scenario play out many times over the years in my work as a Police Detective in the Economic Crimes Unit.

I find them on zillow and even the county tax assessor website but my buyers keep down playing them and making me low ball offers.

HI @Scott Gadea, the answer is:  Save more money ORInvest in a lower cost market Both are methods that people have used for years to generate great amounts of financial stability or wealth, but the latter is a wonderfully efficient arbitrage play AND many would recommend this because of the fact that your home market is a cyclical market and you'd be wise to build assets in linear markets, or at least hybrid markets that blend the benefits of the two.For more information on investing in real estate outside of your home base area, check out David Green's book Long Distance Real Estate Investing