Worse, if the market crashes now their best case scenario is they buy now for the same price they could have bought for then, but they missed out on the investment return and tax benefits in the mean time.The overall economy at large is pretty strong right now in many areas. 

Plus, you can pretty much expect that if Prop 10 does pass, it's going to be a loonnngggg time before we're going to have serious rent control in our area. 

Personally, I buy my rentals to hold them pretty much forever, so I care more about the buy/rent ratio than I do appreciation.  

I didnt even have enough time to really consider the build potential let alone try to fine potential partners/money lenders.To be honest I was pretty bummed.

I have no idea what that costs, I've not had to deal with it yet.Oddly enough, I've found that neighbors have a pretty accurate picture of a house's condition.

And it looks like you're pretty right if it was an even division. 

I'll also have three years of financial history to show it's a solid investment.A balloon payment of 3-5 years is pretty common.

Definitely: ask more questions here on BP, because I'm pretty sure I'm forgetting more than one something.

I have pretty solid contractors for most other things but I can't seen to nail down a deal  on cabinets. 

Sounds like a pretty great experience overall!