At that point, the current demand could crash pretty suddenly, resulting in over-supply and falling prices.It's not so much the short term speculators in particular as it is the vast numbers of people pouring into the market with no real strategy buying marginal properties.

Stop talking now.http://maps.latimes.com/neighborhoods/income/media...Majority of that lists median income covers the vast part of LAYou know very well data can be skewed and condos vs houses vs apartments are all diff type of rent and incomes vary greatly.  

The US is vast, is this the only market you can find the cash flow you're after? 

The vast majority of tenant given notice to non renew simply leave quietly.

Often if you move employers, you can setup a Self Directed IRA (transfer funds) and get control back over your assets including investing in a broader array of asset classes like real estate... just understand the rules. 

Your idea of sacrifices (accepting free cars, buying Nike shoes, Coach bags, Premium Cable/Internet, Etc.) are pipe dreams for the vast majority of Americans and I understand why people would mock your 'sacrifices'.

@Fradel Schaechter Saving is very important, the reality is that the vast number of Americans living pay check to pay check do so not by circumstance but rather by choice.In your situation I would strongly advise that you take the 10% you are presently diverting to charity and put all of that directly into retirement savings.

The vast majority of people that go the wholesaling route do it because they have no money, and believe that it’s a way to break into real estate without skin in the game.

I'm in the vast minority, but I lease my wife and I's vehicle, and genuinely feel like it's been a better financial decision.

The vast majority - probably more than in any other facet of RE - fail.