Despite all of the bad news ,  home prices in California and other parts of the county continue to rise.

Seems to me that there is a great economy there and prices are low and appreciation is rising.

Rents on the rise.

This is the perfect spot to have some land have the suburban life but live only 15 minutes from your high rise office and all of downtown amenities.

Nobody else can say what your mortgage is going to be, what cable package you're going to pay for, what extras (or not) you intend to provide, or if you go with the cheap thermostat so guests can abuse your HVAC or pay $200 for a smart one where you can set temperature limits.  

Obviously this is not house hacking, rents will rise so if they live there for a couple of years they could put down less and wait until rents go up before moving on to their "forever home". 

The liner for a pool has to be set when the temperature is above 60 degrees on average for the warranty.

Generally taxes and interest are current period tax deductions, and not capitalizable unless 263A applies to you.Where you report on your return depends on whether your activities rise to the level of a trade or business or if these properties are merely investments. 

For flips - here are some criteria borrowed from the dummies book for flipping: Steady or rising real estate values, Multiple offers on recently sold homes and homes currently for sale, An influx of homeowners moving in from other areas, A decrease in the number of homes for rent, An increase in the number of homeowners in the neighborhood moving into bigger homes rather than moving out, Older homes — homes built at least 20 years ago — and homes that generally require more rehab, Areas with aging homeowners — homeowners who may be downsizing or retiring, Visible updating in older neighborhoods — new roofs, aluminum replaced with vinyl siding, replacement windows, modern earth tone trim paint, City improvements including street repaving, new street lights and street signs, and repaved sidewalks.

The local PHA will determine what temperature is considered adequate during each month of the year.The cooling system must safely cool each room.5.