I live in San Francisco and plan on purchasing it in Los Angeles. 

I plan on leasing my primary residence and house hack into a new property for my family.

Our plan is to rent it out with monthly cash flow over $300 once we are able to find our next residence.

Do you have plans of just changing your door?

I’ve been busily patting myself on the back for the amount of equity Ive built up in my portfolio and all my bills are paid and the cash flow I thought was good and just had someone else analyze my portfolio and their first response was that the equity is useless unless you plan to sell it or leverage it and my CoC was not good.

Exit plan is VA refinance, but I'm not unwilling to sell to satisfy all parties if necessary.

.  so long story short, I would go in with the plan to leave the rent the same but the willingness to reduce if they ask.

Keep a keen eye on economic indicators, employment rates, and local development plans to gauge the overall health of the market.Maintenance Costs Can Sneak Up On You: It is easy to factor in property taxes, insurance, and regular maintenance, but unexpected repair costs can throw a wrench into your financial plans.

If seller are planning ahead, they usually want enough down payment to cover the recapture tax due in the first year.The real benefit I *think* (someone more knowledgeable than me please chime in here) is that if say he passes away after one year, the rest of balance due on would be 'stepped up' to the current value, so no tax due to the heirs.Dan Dietz

I have a handful a single family houses I am planning on owner financing.