@Carlos Bernardez what are your thoughts on Salvador beach real estate?

A few days ago I finally listed my first rental property on Airbnb as a MTR (due to Long Beach regulations regarding ADUs).

I think there are places in California where the mountains and the beach are close to each other so you could have a primary home, and 2 second homes one on the beach and one in the mountains. 

I'm old and retired at 65% RE, 20% cash and the rest is IRA's, a few stocks, some dividend paying funds, and I almost forgot; 11 pounds of silver we use as a door stop!

I am considering a 1 bed/1bath beach condo for STR.

@Ivan AldanaI have LTRs in a metro area, an STR in rural hiking/rock climbing area and an STR in a beach area next to a large metro area.

Anything else is just silver.

. - Install two new high efficiency condensing boilers, and update windows and insulation for better heat loss performance.PROS - a) minimally invasive; b) can provide 15-30% reduction in heating costs (we are told).CONS - a)total gas expense is still paid by the landlord; b) individual units won't have individual control (except for a thermostat controlled shutoff valve for heat/water in each unit); c) AC would be available on with in wall/window units. 2) Try to individually meter each units' gas and provide each with a traditional forced air heating/cooling system.PROS: a)gas expense could be completely removed for landlord (huge)- even tankless hot water could be installed in each unit; b) each unit would have their own climate control.CONS: a) constructions costs of running new gas lines and soffiting sheet metal duct work. b) highly invasive with collateral construction costs; c) future costs of maintenance on multiple systems vs a single building-wide system. 3) An electric based heating system- This is tricky in my mind because of the high cost of electric heat.

But the silver lining is that it makes your cashflow greater cause your mortgage amount is less and your payment is less so your cash flow is greater.

Do you want to sit on the beach with cash flow, or do you want to build equity?