It's a market that I don't ever see crashing - and the rental market is extremely strong as well.

My local real estate investing mentor has said he personally knows the owner and that he’s a truthful and honest guy and wouldn’t be making up any lies about what he previously brought in.

Honestly, the pay is great and the stress of doing transactions is gone!

Honestly with the state of the house I don't think the appraisal is off too much.

It honestly depends on where you want to be but Manahattan Beach, Redondo Beach and down to Huntington Beach and Newport Beach are options.All of these locations typically have very good appreciation and while the appreciation may not be as strong the next few years I think you're still in a good position from a long term hold perspective.Depending on your needs and as long as your flexible we can get you something that is close to positive cash flow. 

@Peter PalmerI am personally down in Phoenix, which is proving to be an extremely strong market for multifamily apartments at the moment.

I obviously like seeing you *can* only pay interest for a while, but man that adjustable rate thing makes me extremely hesitant.

Honestly, that all varies depending on the lender, loan product, area, etc.

If you want to keep your original lender honest, have Chris take a look too. 

@Nathan SimonsTo be honest, that's most people's first answer and it may be the right one.