Between appreciation and loan payoff, I have what I estimate to be about $90K in equity built up in the property (based on home sales I am seeing in my immediate area).When I look at renting it out, it looks like will not, or maybe just barely, cash flow:  I can probably rent for $2500 - 2600/month, and mortgage payment is just under $2300/month. 

As the formula shows (cap rate + appreciation rate) = internal rate of return <— this is a very simplistic example as there is a ton more information associated with this.That’s why it’s best to see what other market participants are doing and what they’re expections are.

If you are seeking other solutions to solve capital gains, consider it may make sense to participate in a direct syndication or fund that has a high degree of asset depreciation, which will allow you to offset all, or a portion of your capital gains and stop kicking that can down the road.  

Depending on your modified AGI and your amount of material participation will dictate how much losses, if any, you can bring over to your 1040. 

His strategy was to do the bare minimum for collections and just wait until eventually people refinanced or sold homes.

Unit A and B are both rented out and under a lease agreement until August 2021.

The under-endowed schools that participated in the nuclear arms races of the 90's and 00's with lazy rivers and luxury rentals may be paying the piper soon due to the smaller Gen-Y population, skyrocketing prices and the effects of COVID.

I've barely begun my search but that's where I'm hoping to look - somewhere closer rather than farther away from the ocean.From your experience living and investing in the north county area, what are some trends you've been seeing? 

Most of them are barely back to what they used to be.

Even if you barely break even or have to tap into your person income to cover cost of living it's worth the experience gained.