While affluent areas like Elk Grove, Folsom, and Roseville/Rocklin experienced stronger demand, lower availability rates, and higher rents, older neighborhoods like Orangevale/Citrus Heights, Carmichael, and Highway 50 struggled with availability rates of 10% or more.

All of my experiences with them have been outstanding;  I even suggested they write a "Bigger Pockets Guide to Customer Service" lol. 

All mortgages were originated in my name, and then the properties were quit claimed into the LLC. 3 free and clear properties are also in these LLC's.This local bank has been great to work with, but on my latest loan request they are asking for an unlimited personal guarantee of all outstanding debt held with the bank.

Just an outstanding and succinct article from Ryan.

The dirt is a ways south of here on a major highway that absolutely booms when oil is rockin.  

When you mention convenience, do you mean near rail and bus or do you mean easy to park and drive and near major highways?

Yes, I have family on the peninsula so I'm pretty familiar with the ferry and highway 104 :)I've analyzed a few properties via Redfin data there too but, as a new investor, buying more locally seems to be pretty universal advice.A relatively safe 5-6% return isn't bad these days from an pure investment standpoint but, reading all the real estate books, I was expecting more.

They will be widening and paving a new highway, and will demolish homes as a result.

Then, in addition, when you sell the property, you pay capital gains taxes on your gain which is (roughly):sale price - purchase price - capital expenses - mortgage amount outstanding.

The lender is not likely put your limit below your outstanding balance.