No matter how much we look at trends and Case-Shiller data, the reality is that some unforeseen event is likely to have more impact than the events we're expecting.

Extrapolating from this data, the median price of a single family home in the state of California should be about $420,000 in 2010, and the current median price of a single family home should be $365,000.The current median price of a single family home in California is $409,240 or about 12% higher than it should be, if it continues to follow the trends of the preceding 60 years.These are my projections for the median price of a single family home in California:2015$590,000 2025 $1,172,2502035$2,327,650This assumes that inflation, income, building costs, and population growth remain consistent, and it assumes a current median value of $365,250.

They were all in good shape.

So they were selling homes to landlords with the claim that they were rented and in good shape?

None of that means anything but what is the net profit after expenses and how is it trending??

At 97% I would think I would toe the line unless filling a vacant unit . 2) They indicate on one graph that the trend is for occupancy to increase if you drop the rent.

If so, you will be doing most of the work on the neighbor's property and will need their permission and hopefully get them to pay some.My friend has a vacation house with a concrete block retaining wall in worse shape than yours.

Keep in mind your alternative is to fork over $350K plus on a N or NW side bldg and probably come out in worse shape due to higher taxes.These places do cash flow.

I strongly believe that if you become engaged in any way shape or form in this community that you can you will be hooked.Enough rambling...

If I was sitting in your shoes, I'd make sure I had some of my next deals lined up before exiting your current investment.If the sale of your house is going to put enough cash in your pocket to fund an entire flip you are in great shape.