On a Limited 203k, the lender is permitted to issue 50% of the money at closing, but only if the contractor signs a statement saying they cannot afford to start the rehab without upfront funds.

They will either be demanding or can just barely afford it now and you will run into payment issues...PASS....If you are getting low traffic, then its often advertising.

in some areas, yes, prices have exceeded income creating a smaller gap in the home affordability index but not everywhere and not close enough to panic levels.

It's a great city, lots of growth, young professionals and plenty to keep you entertained!

I live in the Bay Area and aside from my home, I simply can't afford to invest in this area, cashflowing or not. 

I know some people who moved to Colorado and learned really fast they can't afford the bigger cities.

Low mortgage rates are helping keep homes affordable for those that can find one.

I'd lived there before and loved it, but one of the things that made me choose Nashville was that it has so many of the good things Los Angeles has to offer in terms of entertainment and good food, etc. but on a much smaller scale!  

With a monthly payment of about $1600 that would be affordable for many middle class families with two income.

It's a remodeled small 2 bed, 2 bath unit next to a fairly busy entertainment district.