But right around the end of Q3, they really tightened up the loans they were making because they hit their internal benchmark for how much of their portfolio they wanted in SoCal apartments.How much did you put down for the 4 plex?

They are incentivized to do so.

We are data geeks here and from my 20 years in aviation in finance and marketing, as well as International Business via WSU, we track everything.

Meanwhile the lack of investor interest (discussed in my point outlined in the previous paragraph) in pre-1995 property will lead to lack of property upkeep, not to mention the lack of natural tenant turnover (because a tenant is incentive-ized to remain in a rent controlled unit) needed for a growing population/renter base to flourish.A few more ancillary ramifications could be: stagnation in property taxes collected by the city due to lack of property value growth, decline in lower income and working class housing being built due to lack of project feasibility, deterioration and/or flight of the business community surrounding areas of older property because of lack of available housing.Would love to hear your thoughts @Russell Brazil Account Closed

And with cool videos like you just saw earlier and the comments that were made in reaction, I think they're succeeding.So before you know it, people from Oakland, Richmond, Fremont, San Jose, San Francisco and everywhere else in the Bay Area will start viewing Sacramento as the new hip spot that's way cheaper but still has several professional sports teams, a major college, an international airport, and the sparkling new Golden 1 Center to host all the music concerts their heart's desire.

The only downside risk with these folks/companies is if they are not reputable they don't have skin in the game and are not truly incentivized to find the best and most qualified renter because they don't have to deal with the tenancy afterwards.

The difference between their 5Y & 10Y rates is ~1.2 - 1.5%From admittedly limited experience, things are much more flexible on the commercial side and as @Ned Carey said, you pay more for the extended length but gain stability.My feeling is that for a buy & hold investment, the extra interest is worth the security.I recall many years ago a quote from a very successful international RE investor that resonated with me; basically that you should match expected holding time with length of loan.

As far as commute, we are about 30 minutes to both Austin and San Antonio international airports. 

Income-Expenses=profit: This is our income statement and determines the health of your businessAsset-Liability=Equity: This is your balance sheet and tells you if you are building wealth.ROI: Income+Equity gain/ Cash invested: Tells you if your money is gaining the required return.IRR: Internal Rate of Return: More complex but takes into account cost of capital and time value of money and value at exit. 

This tool is a great resource to budget and save, and it helped me to save up for a new car and then buy an investment property.But what isn't cool is my determination to save all my money, and this little internal goal of mine to spend as little money as possible.