So the way I see it a "zero cash flow" property will actually raise your net worth easily 30-40% of whatever your rent is.With this frame of mind, is it really that crazy to buy property in very high priced coastal communities, such as Santa Barbara, Manhattan Beach, etc?  

I prefer info that's harder for people to access, and more expensive.Disclosure: CEO/Founder Sean O'Toole is a friend and part of my uber-exclusive Santa Barbara Mastermind Group. 

@ Anh Thu D, If House-hacking works in SF, LA, SD and Santa Bárbara, it works anywhere if we learn the best strategy for that specific locality.

Hi All, I have a 2/2 SFH rental in Santa Barbara.

Maybe we can trade info on Santa Barbara. 

I'm very familiar with the Santa Barbara market AND THERE IS MONEY TO BE HAD HERE!

Shiloh   you know who used to do retreats was Rick the probate guy.. he did them in Santa Barbara county at a resort.. and it was invite only.. .I got invited once but my schedule conflicted.I suspect you set something up say up at Sedona.... 

The flavor/complexion of Lompoc is not in sync with Santa Barbara County coastal communities.  

I will be looking into it for a possible purchase in Santa Barbara.   

@Barbara Riley - As a foreign investor, the best eyes I could have on the ground were my realtors, inspector, and contractor who went in to do some work on the place.