Commercial properties are valued by using the analyzed cap rate from comparable sales and used against the NOI of the property you want to buy to arrive at market value.3. 

But for every 1 "good deal" you might come across in SoCal, one could EASILY find 10-20 deals secondary markets.California is a cyclical market; when RE appreciates, it appreciates well, but when it crashes, look out below.

I bought my first home 10 years ago(yes right before the market crashed) and I am within 5 years of paying it off.

If she wants to show up from somewhere across the country or across the world and be able to go to sleep and function immediately when she gets there provide a  basic living and bedroom setup ready when she arrives and maybe a care package for the kitchen. 

It seems that without the foundation, your mini empire could come crashing down when a drastic event happens.I agree, Brie would be successful at whatever she puts her mind to.  

I have waited for almost a full 2 years to purchase my first rental property, should I continue to wait until another crash and change strategies (Flip Houses)?

CEO is leverage all the way  Garbage man owns every thing free and clear ZERO debt on his balance sheet.During the crash..

Flippers will use the same numbers to arrive at their (70% ARV minus costs) MAO, meaning that @Scott Smull can pocket the difference because he only Offered 65% ARV minus costs!

What I was pointing out is that we just went through the biggest downturn in our Economy with the Crash of 2008.

Because there will be a cleaning service paid by the renters after every move out so it's always spotless upon arrival.2) You need to discuss the why together.