At 20% down you invested $60k, exiting with $350k, that annualized return is roughly 20%.Arguably this has been one of the largest periods of growth in the real estate market, but similar can be said about the stock market during this same period.

Quote from @Jojoberg Berg: UK not all of Europe, 43 more countries. https://www.cbsnews.com/news/home-foreclosures-rise-housing-...https://www.prnewswire.com/news-releases/foreclosure-activit...this is table of most common mortgage rate in europe, the very reason why there's 30 y fixed rate product only available in america is because the us central bank/fed can print its own money without too much dependency with real economy and they are the largest owner of mortgage debt, in other country it's the private institution that's holding the note. 

2.4.8 - Single-family Residential 6 (R-6).In a R-6 single-family district no land shall be used and no building shall be erected for or converted to any use other than:a)Principal uses: The following uses shall be permitted as principal uses:1) Single-family detached dwellings.2) Public and non-profit institutions of an educational, religious or cultural type excluding corrective institutions and hospitals.3) Governmental buildings and uses.4) Public utility uses required to service the district.5) Public and private noncommercial recreational areas and facilities such as public parks, country clubs and golf courses, excluding miniature golf courses and driving ranges.6) Temporary buildings when they are to be used only for construction purposes or as a field office within a subdivision approved by the city for the sale of the real estate of that subdivision only.

The largest lesson learned is you would never run out of them.

In fact, my first and largest wholesale came from a Facebook post.

(i)In generalThe term “period of nonqualified use” means any period (other than the portion of any period preceding January 1, 2009) during which the property is not used as the principal residence of the taxpayer or the taxpayer’s spouse or former spouse.se of the property, relevant factors in determining a taxpayer's principal residence, include, but are not limited to—(i) The taxpayer's place of employment;(ii) The principal place of abode of the taxpayer's family members;(iii) The address listed on the taxpayer's federal and state tax returns, driver's license, automobile registration, and voter registration card;(iv) The taxpayer's mailing address for bills and correspondence;(v) The location of the taxpayer's banks; and(vi) The location of religious organizations and recreational clubs with which the taxpayer is affiliated.https://www.law.cornell.edu/cfr/text/26/1.121-1https://www.law.cornell.edu/uscode/text/26/121

Additionally, union contracts expired on June 30th, resulting in 15,000 hotel workers in Los Angeles and Orange County going on strike, which represents the largest hotel strike in U.S. history.

As the most prominent example of distress in the Los Angeles office market, Brookfield, the largest owner of office buildings in Downtown Los Angeles, defaulted this year on three of its towers, 777 Figueroa, Ernst & Young Plaza, and Gas Company Tower.

@Cesar Rebolledo my business partner owns the largest REIA in Tampa Bay.

What would you say is the largest hang up here?