;)I see that the 2% rule is nearly impossible in the bay so that's awesome that you found it close to the 1%, especially in the south bay.

Before I owned any property, I too thought it was impossible for me to get a mortgage.

So unless his basis is a negative number, which is impossible, or you got your facts wrong, that $50k tax is theoretically impossible to achieve. 

I also find that SoCal is often impossible to cashflow without adding value, but with your kind of income, you should be able to move into a building with 2 - 4 units and start exactly as Lumi suggested.

In New York, I went to my Chase banker and they said it's impossible for them to give me a home equity line of credit on my free and clear condo investment apartment that I rent out.

When I moved to the SF bay area it was almost impossible for me to find a place with my dog.

They said, "Well…, it's not impossible, but..."

I heard it would be impossible to replicate what SEED does.

I recognize that (in the equity market anyway), it's quite difficult if not impossible to time the market and time in the market is more important than trying to time it.

That is impossible in San Francisco.