This is also why price point is lower, but again, Philly is philly, and will always be philly - a place where lots of people live

I wont live there.

We need this house rented to lower our DTI.We want to buy small MTF in the future to househack in CA using low downpayment maybe FHA loan.Thank you in advance I love house hacking & all about co-living and room additions.

Former resort website is still live for reference purposes. 

. :-) Not to worry, the public will move to where they can afford to live and that will affect prices up & down the scale. 

I live what I preach brother.

best strategy: buy large house with adu, rent it outdone, live for free in bay area, checked.for income, forget all about one hundred dollar cash flow from real estate, go for thousand dollar cash flow from TSLY/NVDY/etc/etc LOLfor real estate, just flip when you had the best opportunity, sell it again in few months or two years for 100-300k profit.dont think cheap in bay area lol

There are costs associated with doing a HELOC.If you WILL be living in the property for the first year, get a 5% down, or less, FHA/Conventional/203(k) loan for the purchase and keep more of your money in your pocket for future purchases, repairs, etc...On the second property, use a private lender to fund the acquisition/repair costs if any, and refi out using a DSCR in 3-6 months.

He just purchased another condo that he will live out of that’s on the 16th floor with the view he wants.  

Is it possible to sell rental using 1031 exchange and buy new property for personal residence ,I had lived in previous property for 2 years and then rented it out for last 10 yrs.