I got my first “career” job a year ago, but quickly realized that trading time for money wasn’t going to be enough if I wanted to create wealth while living in California.

Of course I realize this will be a crazy, crazy statement for many on here - and that further proves my point...One of my favorite statements buy one of the best entrepreneurs in the world today, Richard Branson, goes like this:"If someone offers you an amazing opportunity and you're not sure you can do it, say yes - then learn how to do it later".

I simply just don't trust the news these days and have to look at my own markets and stats.I think the part everyone is conscious of is we saw a post-covid peak that in theory will not return, and we made a gradual return to 2019 levels.What I do think is true, per AirDNA, is that ocean and mountain markets saw the biggest increase, and now the biggest fall.... and now what's happening is many people, particularly older families who tried Airbnb for the first time, are realizing they never want to stay in a hotel again. 

As time has gone on - 19 years - I've realized that this is also a great generational gift to my kids - both as vacation destination and a lifetime income for them.  

I realize that the owner of the right of redemption would also owe interest, taxes, insurance premiums, and "necessary permanent improvements".  

This is something that lots of people don't realize.

Realizing that he wasn't going to make it in the medical field he sought out alternative careers. 

I came to realize that I am missing professional/ seasoned advice.

But I realize that so many people follow these folks and try to live through their travels..

@AJ Wong thank you for a nice overview of the DSCR option, I didn't realize rates were so low for this option.