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.

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 hadn't been considering depreciation, the furniture depreciation, or the $25k safe harbor rental income and ability to deduct losses if a professional.

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.

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

I'd be interested in hearing people's thoughts about or experiences with the La Más Backyard Homes Project https://www.mas.la/affordable-adus.

(Note: I am a former realtor and am a current real estate attorney (we specialize in representing developers of affordable housing properties.