It sounds like you’ve got an exciting plan mapped out, and I love that you’re thinking of starting a property management business while building your own portfolio—that’s a smart move.

We still need to calculate appliances, flooring, windows, HVAC, fixtures....My point is that we need to be putting away money to keep our properties in max market rent rate condition.

I'm planning to finish all of these this month. 

Or maybe a liquor store, which may seem innocent, but could bring in a different crowd.In terms of "when to sell," it's all about what you plan on doing with the money.

We've also been riding the wave of low interest rates for years and now that rates have risen investors have to be a little more creative with their investment plans and take a longer term view of stabilizing the building to make it a nice cash flowing property.Where are we going to find more 2-4 unit properties?

i.e. paint, flooring, cabinets, tile, etc.  

Just don't fall into the YouTube trap of planning your first deal with no money.

We started this in 2019 and plan to continue forever so we can look back and see our growth.

To be honest, I´m in the Maintenance & Construction for corporate businesses for some US companies in Mexico and we do some Real Estate down here also, but it´s way much different than the US, so I have much to learn from a lot of people around here and as @Julio Gonzalez, I think this is pretty much the right pad and place to start and to break my fears to start all over again from scratchAlso, I´ld like to hear more from @Justin Brickman why he voted for his city, pros and cons, it will help to read from a local...As I said before, thank you all guys for taking the time to write in this post and share some experienceDo you plan to owner occupy. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.

With careful planning, you can develop a portfolio that consistently outpaces inflation and helps secure your financial future.I hope this helps.