Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

For a land strategy, going 40 miles out from a large city center and buying plots has always interested me.

This strategy has worked well for me personally. 

I live in NYC and started investing in Buffalo a few years back, mainly for the reasons that you mentioned. 

So strange as they ghosted me

CA really cleaned up the fractional note business from my days of doing it in the 80s..

The other property is a cottage built in the mid 70s and requires significant electrical/plumbing work to bring up to code.

Now, tenant 1 texted me asking when he was going to get the sec dep back.

and if you don't have enough money to house hack in San Diego... save up until you do.and if you want to move somewhere else, house hack there. 

Great day to all,I've just been soaking up all the online youtube videos from Bigger pockets one after the other and I've made the determination to scale my business massively using the multifamily addition into our (wife and I) portfolio.