Investment Info:Single-family residence buy & hold investment.

Who talked you into buying the Costa Mesa condo? 

Quote from @Virginia Frost: Investment Info:Small multi-family (2-4 units) buy & hold investment.

The ability to effectively self manage would depend on the scale you are trying to buy. 

I also like to be set higher than most of my competition because I only buy really cool properties that are sought after.

Closing in a few weeks or less@Ben Fernandez So, I assume you're buying between $100k-$150k with $50k-$100k in rehab?

The BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, Repeat, focuses on long-term investment, while the Fix & Flip approach involves purchasing, renovating, and selling properties for a profit.Investing in Airbnb rentals presents a distinct set of challenges, requiring active management and a thorough understanding of local regulations, but it also has the potential for higher returns.Here is a concise overview of the advantages and disadvantages of each method:Fix & Flip:Pros.- Potential for quick profits - Enhances property value - - Adaptable to market trendsCons.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.

The other flag was Lee pitching one product or another every other day!

We're probably going to dig down a few inches to get the slab level, put in floor heating, and buy ourselves a little more head room. 

If you are buying from HUD, you will be contractually obligated to occupy the home for 12 months.