Don’t forget the extra space in the living area gained by moving everything to the garage, make sure this looks good and maybe take advantage by adding a sleeper couch if you don’t have one already. 

Equity gained from appreciation is free.  

This is a two-way interview, so have a short list of questions to ask the mentor (What books do you recommend I read to gain a better understanding?

Instant equity gains after the build is complete, easy to manage, high demands. 

If long-term, rebuilding the home could offer substantial future gains, but keep the high construction costs and California’s permitting process in mind.Mariposa homeThis emotional project has potential as a vacation rental due to its location.

And could start making a small amount of cashflow and start gaining appreciation with an LTR.Or do we continue to save up and get a better property in a good location with the amenities we would like to offer with an STR?

Since you've lived in the apartment since 2007, you likely won’t be hit with any capital gains taxes as long as your profit is under the IRS exclusion limit ($250k for single filers or $500k for married couples).

If you ever need help, I’d love to assist you in gaining more knowledge in real estate investing and blending your construction and remodeling experience for success in this new chapter.

They like getting their “mailbox money” and spreading out the capital gains over time.  

I'm trying to start off small and gain my way up the ladder.