Here’s a quick take on each option:Sell and buy in SoCal: This offers simplicity and high appreciation potential, but with all capital tied up, it limits flexibility if the faculty housing waitlist falls through.Keep current home as a rental, downsize in SoCal: This maximizes long-term profit through appreciation of both properties but might feel tight financially and in space.

I think one of the challenges of the BP MTR forums is that while all real estate is local, it seems that what is working in the MTR space is hyperlocal.

Preapproved ADU plans offer extra space or rental potential.

When people replace their old homes, you can possibly get those fairly inexpensively if they fit your spaces...Best of luck!

For me personally, I would leave it a loft so the renter could have a playroom for kids, office space, family room, etc.

If you're not present to let them in (or have the space occupied for whatever reason, etc.), they should be notifying you and you may have to face any repercussions (penalties, pauses on your permits, etc.) 

My offer to purchase was successfully accepted in a competitive market, and I immediately found a tenant to rent out the space for a 12 month lease.

And if the yard space was part of the lease I guess it makes sense to reduce the rent a little.

This space is also getting competitive, but you could try listing for monthly stays only on Airbnb, VRBO, etc.

And what about the people that are attacked in an enclosed space?