So learn thing Internal Rates of Return, Future Value, Mortgage Amortizations and historic appreciation rates.

Incentivizing people to not go back to work (or pay taxes) by giving free rent and checks above their work rate is not ideal.

The prime areas are still a bargain when compared internationally and these Cali cities are international in every sense.

@Brad HammondThey should incentivize with Cajun tots, that might do the trick.

., are they incentivized to keep a tenant long term or are they incentivized to keep turning the property over)?

So what this would do is de-incentivize selling assets and plowing the proceeds into new assets with value-add opportunities.

By interning with a more experienced investor.

My company incentivizes loans under 250K loan amounts which is what you'd be looking at with 40-50K to play with.

At this time I don’t see any value to owning a landline unless you need a crystal clear connection, you’re located in just one place, and you may wish to take advantage of some of landline’s cheaper or free international calling plans.

I would have guessed that the people driving up the prices are the fair number of buyers from out of state and even international countries given the profile of the universities and the strong tourism in the area.