Lets face it you are not going to swing a hammer.

well if you are interested : I have a SF property in florida that produces great rent in the area. the house is in the middle of the golf course has a pool very quite area also: 15 mins from the beach and 30 mins away from all the disney attractions 

but if you can get in the game in the Bay Area and if your like those that all chim in on BP I am buy and hold for ever... where do you want to do that.. in a market with history is no movement or in a market with a history of wild upward swings over time.

Amenity Champions Gate The Retreat (Champions Gate) Oasis (Champions Gate) Reunion (Champions Gate) Windsor Hills Windsor island Windsor Cay Windsor West Side Pulte Solara Stoery Lake Lazy River Yes Yes Yes No Yes Yes Yes No Yes Pool & Jacuzzi Yes Yes Yes Yes Yes Yes Yes Yes Yes Childrens Slash Zone Yes Yes Yes Yes Yes Yes Yes Yes NA Fitness Center Yes Yes Yes Yes Yes Yes Yes Yes NA Studio Gym Yes Yes Yes NA NA NA NA NA NA Movie Theater Yes Yes Yes Yes NA NA NA NA Yes Sand Volleyball Courts Yes Yes Yes Yes Yes NA Yes NA Yes Tiki Bar Yes Yes Yes NA NA Yes Yes NA Yes Game Room Yes Yes Yes Yes Yes NA NA Yes Yes Tennis Courts Yes Yes Yes Yes NA NA Yes Yes NA Basket Ball Court No No No Yes Yes NA NA Yes NA PlayGround Yes Yes Yes Yes Yes NA Yes NA NA Golf Course - 18 Hole Yes Yes Yes NA NA NA NA NA NA Golf clubhouse and pro shop Yes Yes Yes NA NA NA NA NA NA Golf Cart Rental Yes Yes Yes NA NA NA NA NA NA Mini Golf NA NA Yes Yes Yes Yes NA NA Yes Bocee Ball NA NA Yes NA NA NA NA NA NA Bike Rentals NA NA Yes NA NA NA NA NA NA Wave Rider NA NA NA NA NA NA NA Yes No Spa NA NA NA NA Yes NA Yes NA Yes On-Resort Shuttle Service NA NA Yes NA TBD NA TBD TBD TBD Max Lease - 30 Days TBD TBD TBD TBD Yes No Yes No No Max Lease - 90 Days TBD TBD TBD No No Yes No No No Primary Residence TBD TBD TBD TBD No No No Yes Yes Pets No Yes Canoe & Kayak Rentals No No No No No No No No No Yes

At some point the pendulum will swing the other way but there is just too much risk in CA.I assume if you do not want to take on leverage the property appreciating does not really matter b/c in the future you will not refinance and even when your property appreciates you would want to buy the next one all cash so it wouldn't be a big move up.

I go down there often to visit friends and play golf. 

I like to give my clients, buyers, the first swing at them and if they don't get it I will list it.

I'm sure you have already seen, if you don't like the weather, wait a minute (it will most likely change) just like the 40 degree swing we saw this week!

I could swing a mortgage on a small place, use the $10K for repairs, and flip the house.

I'm working on my third rehab and looking to step away from swinging the hammer to work on growing my fix and flip business.