OK. We are on the same page then, just talking about 2 different scenarios. I was only considering my case where all my cash was going to the 1031 purchase, but considering the current market, I was planning to do an all cash purchase (with additional cash) then finance the property to take the cash out (that i added)
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Best strategy, go for multiplex for better cash flow like this one (if you prefer multiplex)! Your aim must be better cash flow and good location !
https://www.redfin.com/CA/San-Jose/1575-Mendenhall-Dr-95130/home/800642
you gonna bid for it Jil? 
I am not thinking near future, may be one or two years or even more, as I want to reduce my real estate holding and increase stock holding. I have paid off my mortgages with whatever gain/equity I had. It reduced my monthly total mortgage cash flow drastically and LTV dropped from 45% to appx 30%. All I am holding in RE is what I bought Pre-2012, giving me good cap rate (dividend like) and appreciation.
I have already announced that I am not going to bid or buy any more.
For me, now, finding companies like NVDA, IRBT, AAPL, TSLA or AMZN is easier than getting (Contract) a home around bay area !
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Let us know when you find the next NVDA, IRBT, AAPL, … i think we will be done with real estate once i finish my 1031.
Good that you come around 
All my SFHs bought in SV are pre-2012.
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I think investors are priced out of SFH’s in prime Bay Area. So either you go to less than prime areas, or buy TH and condos in prime areas. Or you can just pay 50%+ down and force the property to cashflow.
Alternatively, how about 1031 into an SFH you intend to live in couples years down the road, but just rent it out in the meantime? Then you don’t need to worry about cashflow and can put out crazy bids like owner occupants.
For Prime Bay Area location investments, only two choices either Condos or Multiplexes esp 4 plex or more Apartment style where you have cash flow and growth rates are maintained !
Otherwise, non-prime areas high cash flow homes.
Sunnyvale is listed by Kiplinger as the 2nd most expensive city in USA more expensive than SF 
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Today results on INVH, I see INVH is good as they continue to have 95% rented with 5% vacancy rate, paid off 500M debt early, declared small qtrly dividend 0.06/share (IIRC, Today ex-div date). Looks like INVH is too good for long hold.
Again, please do your own review/research before investing !
Sold for 500k more than asking. The usual bump for Monta Vista is 250 to 300k.
Maybe you can start a “Cupertino Rocking The Overbids!” thread…
Man, whoever started that ought to be shot…
I was thinking of starting that but I think we have enough threads on other topics for people to vent on.
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So I missed out on Palo Alto, EPA, and now I can add Cupertino to the list…
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Two of my friends Primary single story SFH homes, less than 1700 sqft and similar lot, recently listed at 1.9XX M . Both sold above 2M and the homes are 1.5 Miles South of this Orion Lane, bordering Saratoga.
Listing at 1.688M with such lot and sqft is too low for Monta Vista SFH homes.
Just curious - are the friends empty nesters or do they have multiple SFHs ?
How so?
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One purchased the home appx for 450k (1996) and another for 1.1M (2006)
They do not have multiple SFH, but Cupertino home is there 2nd primary as they sold their first already to buy this home. They want to get rid of any mortgages and live cash free homes. I can not say empty nesters, may have minimum 1 M in retirement account with 25 years of IT service.
Both of them, kind of retirement option, selling their homes after Kids joined the college, moving to outer area, purchased homes (full cash) at Dublin and Pleasanton.
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