EPA is much more "sticky" than the other areas you mentioned- as you move further from Silicon Valley/The City (Dublin, Livermore, Lathrop, Stockton, etc) areas are seeing massive amounts of new builds and are very dependent on a few large employers/industries.

Prices skyrocketed from massive government actions and those actions first stimulated demand and later de-stimulated supply.People are not buying because they have more knowledge now...it's actually the opposite, transactions are at record lows.

Massive out of pocket savings structuring this way.

Mortgage lenders have to sell these loans on the secondary market to avoid massive interest charges to their short term (warehouse) lines of credit, and allow for the liquidity needed to continue lending to the next guy... its kind of just how their world continues to go around. its rare these types of things happen, but it does happen. 

Assuming your massive success he's going to have to go to 10's or 100's of different inboxes or dig around to figure out where the email was forwarded from.

New Bern is no massive city in NC, but it's not a tiny little town either.

You would've ridden a massive appreciation wave, so I hope you did!

But it takes up a much larger percentage of the rent if you're only pulling in $1000 per month.I just put up a massive post on all my costs and headaches for 5 properties over the last 3 years, if you're interested.https://www.biggerpockets.com/forums/12/topics/1171104-the-m...The advice you're getting on how to use your loan all sounds good to me.

Wisdom that helps us heed Buffet's admonition...

I purchased in West Valley City pre-COVID and have seen massive appreciation.