I think Sac has "earned" its property value increase with an increase to the economy from big companies like Oracle, Apple, the MLS, etc. coming into the area, and the continued growth of new development and homes to be lived in by those corporate and state workers.

If you need the income then you want to be designated as a real estate professional and set up your corporate structure appropriately so that you can maximize deductions and minimize taxes.

You have the hospitality industry feeding on the oil/gas industry, housing the oil rig workers as well as corporate families.

Jacuzzi Corporation, which is headquartered in Chino Hills, has seen orders bubble over!

Are you one law, one riot, one tax, one corporate HQ move,  one fire, one water restriction, one whatever; from your home being devalued and being under water. 

It just doesn't pass the "logic test" when it comes to the alter-ego requirement for protecting your corporate veil.  

I got back into RE full time in January of this year in Nashville after leaving Corporate America in Dallas, TX.

Fly in our clear blue sky with minimal wind and perfect temperatures 99% of the time.You might also get some corporate traffic (relocation and temporary) and I have 2 travel nurses looking for places right now as well so they can be attractive,  especially during the summer months when our furnished rentals experience higher vacancy rates.

Some lenders have informed me that they require 2 years income tax returns for the Corp or LLC proving income (if I open a brand new LLC there will be no proof of income) What can I do to be lendable? 

It doesn't matter if you are an LLC or an S-Corp or a Partnership.