To be honest, it would not be in a neighborhood we would want to live in, so it would feel like "doing our time" in a relatively not as nice neighborhood to save cash. realistically it'll be more than the current rent after paying taxes, house maintenance, etc here, so I guess it's not really worth it for cash flow up front, you'd just be banking on the value of the property going up, which is a gamble I would not take in this sort of economy... but then again, it is Southern California, and I feel like there will ALWAYS be demand..

Or realistic?

Vacancy is 3%, is that realistic for that area?

2)  What is the realistic and conservative fair market value of the property today?

But I would also say look realistically at your strengths/weaknesses. 

Each individual is unique and I don’t know how much of a “torture” it is for you to go to work everyday, but I’ll share the goals I have, hopefully it will help you set realistic numbers and timeframes.

@Jonathan Robinson Two more options:Contractors License - At the very least you'll be able to negotiate from a position of strength and have a realistic scope of work.Real Estate License - Save 3% on every transaction.

Thorough research of your project’s financial and architectural design constraints will eliminate costly assumptions and guess work by uncovering facts, establishing construction costs and a realistic project budget.

I'll realistically earn around 6-8k this summer (2020).

Based on my property profile, I am currently estimating $130/night for the 3 months at 50% occupancy and $180/night for the 3 months at 80-100% occupancy.For those in the market, does this seem like a realistic estimation?