I'm not sure comparing the taxes on a "median priced home" is a meaningful number because CA prices are just stupid.On a house with the same value, which is what someone would realistically buy, taxes in TX would indeed be about double what they would be in CA.

Sure it is a bunch of legalize, mumbo jumbo but it is not too complicated.I have had students encourage me to get the word out to all my members, to write their Senator, hoping I can help stop the bill.

SAMPLE LETTERS**IF YOU HAVE A REAL ESTATE LICENSE* Dear Senator [name];My name is Vena Jones-Cox and I am a life-long resident of Cincinnati.I am writing you to encourage you to vote NO on HR 1728, the "Mortgage Reform and Anti-Predatory Lending Act".While many of the provisions of the act are positive steps toward mortgage reform, the inclusion of private owners in the act (see section 101(3)(e)) will enormously reduce the housing choice of Ohioans and the ability of home owners to sell properties in this already-slow market.As a real estate broker, I have seen several dozen cases in the past year of home sellers and buyers coming to an agreement for an installment sale on a property that the owner desperately needed to sell (often to avoid foreclosure) and the buyer desperately wanted to buy, but could not raise the downpayment needed for conventional financing.In all cases, these sales turned out to be win-win deals for the buyer and seller; the seller was able to get rid of an unwanted property to a buyer who loved it, and the buyer was able to get his new home at an affordable payment and interest rates with none of the usual costs (points, application fees etc) inherent in more conventional mortgage transactions.In Ohio, these transactions are already regulated by state law: a low maximum interest rate is already in place, and both the buyer and seller are protected by other regulations at the state level.In defense of private property rights, owners should be exempted from the burdensome and unnecessary rules that this law foists upon them.

In fact exchange companies like RCI actually prefer owners at certain Vegas resorts do just that, and they're willing to give extra bonus weeks (and sometimes other perks) to help encourage those owners to not visit Vegas using their deeded week(s).

I cant' be of much help to your question but would like to offer you encouragement on your REI journey!

It's almost always more informative and meaningful to separate "rate of return" analyses into the component parts of the situation.

Add to that the $20K down payment and the total investment is $192,800;- If the value of the property after 30 years is $432K (as Jon calculated above), then the nominal ROI is:$432,000 / $192,800 = 224%- Your annualized ROI is:224% / 30 = 7.4%- As Rich mentioned, I'm not sure that calculating ROI with respect to inflation is meaningful, as no other investment returns are calculated this way, and therefore it would be difficult to compare the result to any other options.- Also, keep in mind that the $192,800 is not paid all at one time, but is instead paid over 30 years.

Very encouraging to know that one can live off of just Rental properties.

Any pointers, tips, knowledge, encouragement and/or personal experiences are welcome.

Then maybe, and I mean maybe, the american people will stand up and unite for a cause that is meaningful and important to them and their grandchildren.