What are the things you both agreed were associated with your highest level of happiness,  and the associated spend that added up to around 7-8k in necessary cash flow?

Think about the possibility of capital expenses that may come up and call your insurance agent to find the difference in any costs associated with the rented place.If you buy a new place you might get an income break with the depreciation available on the rental property.  

This piece of property has water rights associated as well as backs up to a 50,000 acre parcel of land that is well known for off-road use.

1)  I use a one page contract with basic info on it for sellers because the standard California contract from CAR (California Association of Realtors) is super long and intimidating.  2) EMD taken out of purchase price.  

Tenants will be responsible for all costs associated with any repairs up to $500 (or whatever number). 

Article on Market-Watch:https://www-marketwatch-com.cdn.ampproject.org/c/www.marketwatch.com/amp/story/guid/E5127276-1A17-11E7-8755-9AB7B5C1C318Spoiler alert:- According to the mortgage bankers association, the average size of a home loan is at the largest in the history of the survey, which goes back to 1990. - Larger mortgages reflect not just more expensive home prices, but also more leveraged ones. - The 20% down payment is a relic.

associated with obtaining new financing. 

Indeed, HomePath (Fannie) and Home Possible (Freddie) have been discontinued in terms of the aggressive loan programs that were associated with them.

(Get a degree if you don't have one) (Get a masters if you have a bachelors) ("Work work work work work" -Rihanna)3) Use that money to buy strong CASH FLOWING houses (buy and hold)4) Keep saving, combine the savings with your investment income5) Use that money to buy more6) Keep growing the business7) Retire!

Apparently there is an arrogance associated with being one of the wealthiest counties in the country, and they really don't need your tax dollars nor do they have any interest in development (Keep Williamson Rural!).