If you are securing the note on a loan you need to limit income contribution to those that are on the note. 

Property is in Southern California just outside the LA city limits--generally mild weather conditions.  

It seems they don't just limit themselves to real estate.I learned a hell of a lot from this about how to verify people on the net.

In my limited experience in the US I've seen low of $2300 and high of $5500. 

Real estate is multi-faceted and knowledge is power and the only limiting factor is myself.

The change that was going to effect everyone was limited to a 15 or 25% annual increase to "gradually" increase the cost, but there was no such limited increase in this "fix" as you can see by my example.I originally would never buy in flood hazard areas. 

Are these types of purchases limited to certain states or are they common throughout the US?

If you treat others as competition and not as a future possible business partner, you're limiting what you can accomplish. 

Be careful of HOA rules they may prohibit renting or may put limits on how many units can be rented. 

There are no state laws in Texas limiting how much you can sell a house for or an amount for which rent may or may not be charged, nor are their federal laws.