Just a heads up we are starting to see some softening of the market with prices decreasing, and inventory slowly rising. 

California in general doesn't cash flow the same way that people on BP claim their investments cash flow but a couple benefits are the historically faster rise in rental rates and prop 13 which keeps your property taxes low, not to mention the appreciation which you should just look at as gravy.

the Adirondacks are the only part of the Appalachians that is still Rising.

That is additive with inflation, even if a small percentage, it is on a bigger propertie(s). 

Assuming rents rise over the years and I make continual improvements to the place, I would be set up to transition into the traditional hacking model of renting one unit in whole and occupying the other side myself. 

Sometimes landlords gets inflated rents for TI credits so they then can try and sell for higher price showing more income.

You also could look at Providence, where an opportunity for cash flow still exists even as rates rise.

If you don't have another place to put it then you're losing 8.4% to inflation.

This is due to inflation, which has been on the rise in recent years.

@David Haynes I’m continuing to buy because of inflation.