If you take 200k equity out of your current house you could buy the investment property outright an not have PMI I don't know your market, but I would imagine that there are better ways to leverage 200k in equity than just buying one property outright.

If China is an a full blown recession, I would imagine the FCB purchases would slow down in the Valley.Couldn't it go the other way where you are networth is actually depreciating $500,000/year on paper if you own $10M worth real estate in SV?

I imagine you could do best catering/specializing in any one of these you felt most appealing:1) Baby boomers who downsize to spend money on 'Other Things'These are your well-prepared retirees who are letting go of the family home.

no, but you learned and you grew in that field and you seem to be somewhat of an expert. at some point in your life, you were where you are now and you chose to travel down the path that you are on. that path lead you to things and knowledge that you never imagined when you were at the crossroads. you now find yourself at another crossroad. can you imagine the knowledge you may be facing if you follow yet another path???

When I told her she is taking advantage of us she sends me the most discusting harassing e-mail you could imagine accusing me of belittling, harassing her. 

Sorry about the situation.Rentals are a physical representation of their owners, so I can imagine you aren't at peace with being the owner.

Stupid of me, but how was I to imagine this way of business???

I'd imagine you'd have to disclose that you're an agent? 

I would imagine it wouldn't be that expensive.

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