(accommodate visit for medical reasons) or STR in general for this local market?

Here’s some insight based on my experience:Question A:Since you live in California, it’s important to know that California doesn’t care where your property is located.

In my opinion, you can make as much money buying cheap houses as you can buying expensive homes.Affordability is an issue for a lot of Americans so I will argue cheaper cities performed better over the past 10 years than more expensive markets / houses.San Francisco, CA, Seattle, WA and New York, NY are considered expensive markets.If I look at Zillow's price estimate for homes comparing 2016 and 2024San Francisco - Average Price of home was $1,145,000 and now its 1,262,000(Increase of 10%)Seattle - Average Price of home was $561,000 and now its $848,000(51%)New York - Average price was $561,000 and now its $766,000(37%)Memphis, TN, Indianapolis, IN and Clevlenad, OH are considered cheaper markets.Zillow is showing more appreciation in these markets over the same time periodMemphis - Average price was $73,000 and now its $149,000(104%)Indianapolis - Average price was $107,000 and now its $225,000(110%)Cleveland - Average price was $54,000 and now its $109,000(101%)Population increases and job growth are two indicators that result in appreciation.Two of the cheaper markets listed above(Memphis and Cleveland) are not increasing in population.

I bet the government thought people would plug in while visiting the DMV and then leave, that never happens.

For example in California there is a 10 year structural warranty by law (and shorter warranties for different systems).

It’s so serious that, beginning January 1st in California, any lender who knowingly originates a consumer-purpose loan misrepresented as a business-purpose loan can face criminal charges and jail time.

That is how tragic this 12-year run of financial fraud appears to be as explained in this report on the Laguna Niguel, California based Norada Capital Management.

🌎 Hi, I am based in San Diego, CA.💫 We work with rental propertyinvestors and I’m always trying to learn more so we can educate our clients.

Hi Thu, self-managed STR owner in the California High Desert and realtor who has helped several clients purchase properties for the purpose of renting on a short-term basis.General questions pertaining to the overall STR landscape should not incur a cost when directed at a PM/co-host.

We are blessed to have the chance to visit every summer!