I can’t imagine buying there from a distance, but if you live nearby or can drive there it’s a good market I think.

Some of the lenders can chime in if they have seen it work differently, but basically that is why you don't see this as often as you would expect in Oakland/SF/Berkeley.I had a client working on one in SF for a condo and we were going to make it work until the attorney couldn't guarantee it happening within a 6 month period, which as you can imagine, doesn't boad well.

Can you imagine living with your boss? 

Imagine an investor who has a goal to become wealthy and focuses all his efforts on maximizing appreciation and equity. 

While it might be hard to imagine all of the variable turning negative at the same time, it is a stress test. 

Imagine you have $200K to invest. 

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

I imagine you'll be paying more professional consulting fees if you want to structure it optimally.

Always imagine a judge reading your texts out loud in court at a hearing.I absolutely get into with them via text, but, I keep my cool and keep thinking about how what I'm saying will sound in court.

@Kevin Periera I can only imagine that some questions need to be asked to a HML, one who lends in the state in question, either in person or the phone.