Small upgrades or re-leasing to market rents could boost your cash flow and provide additional funds for your San Diego purchase.If you'd like, I can connect you with a lender or help you explore potential properties in your preferred areas to see what’s realistic within your budget.

Residential subdivisions, while potentially less complex, can be hit-or-miss depending on local housing trends and the cost of infrastructure development. 

I have a hard money lender at 10%, who will amortize at 30 years, with 5 year balloon so a potential loan of $200k is in the works.

The potential is tremendous and the risk is relatively low, but few seem to latch on the work to get them setup.Cheers!

Then it could potentially be legal depending on how it's worded.

Your competitive advantage comes from experience, knowing your market, and seeing greater potential in a property than what others may see.

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.

Laundromats are open to the public, and if the local neighborhood has a high crime rate and transient population, those can be potentially expensive problems that can affect your business.

Good balance of affordability and rental potential.