I remember there were two girls, when I started, who were buying apartments in those first high rise buildings on Bayshore to fix up and flip and making a killing.

If home prices rise enough we have talked about selling - is it worth refinancing if we sell in 2-3 years?

My primary goal over the next few weeks will be to Get my primary refied (good thing I locked in yesterday as rates are on the rise)  Get My Heloc Locked in at 80% LTVCreate a budget my family can live with to start saving more aggressively.So I'm taking Action.  

Rents might have been rising so fast in Cali that if a tenant gives any grief they get them out and simply raise the rent for the next tenant and recoup releasing costs quickly.Where you are at the tenant base and rental increases might be more stabilized so if a tenant goes out it takes longer to get that cost back even with slightly higher rent per unit.So there are a lot of variables (building location, building age, building size, class of tenant,etc.)You are the manager and they are the assistant.

You need to anticipate the rising rents and expenses, the migration of people, the potential for good and bad economics, otherwise, it doesn't make sense at all.The BRRRR Calculator gives you some of that.

Its about a 6 foot rise.

Corelogic predicts prices in California to rise by 9.4% in the next 12 months. 

Obviously you aren't making money because you haven't sold the house but your net worth is rising.

Prices tend to rise, with demand in the Spring and reduce in the Fall after Labor day.Nike: "Just Do It!"

@Daniel COne thing to keep in mind is that 6+ unit places are often rent stabilized so I think 3-4 families are the best way to take advantage of rising rents.