It really helps to see how Redwood properties stack up in terms of returns versus popular metro areas (from what I’ve heard).What would you do first if you were to break down the property’s biggest potential value-add?

Quote from @Brandon Foster: Hello Ryan,STR is do able in the north county area but there are a lot of rules and regulations.The city of Oceanside right now will not allow anything STR unless it’s west of pacific coast hwy.This is changing a lot too so you need to be aware of that in your plans.Carlsbad is super strict too but there are some condos that are still available to do STR in.Medium term rentals are as safer bet but way less profitable.

The biggest challenge will be with the one long term tenant.

As a realtor who works closely with both short-term and long-term rental investors, I’d love to be a resource for you while you’re in town.Having spent my entire life here, I know the city inside and out (Indianapolis) , from neighborhoods with strong rental demand to up-and-coming areas that offer excellent long-term growth potential. 

Rare do I hear of recommendations but I do hear people asking.I would think in any big city you think about, a visit to a local NARPEM meeting or 2-3 visits would be a great idea. 

Our logical process:1) Use Neighborhood rankings to narrow down area of city you want to invest in2) Focus on getting to know that Neighborhood(s), so you know the good & bad streets, block-by-block.3) Be patient to acquire properties on good streets that meet your buying criteria.Our rankings are done with a "bell curve" approach.

The biggest lesson, which I learned early on: get clear on the type of property you want to buy, then tell everyone over and over again.

One of my first--and biggest to date-- blunders in real estate was working with a contractor that I deeply connected with. 

.: Quote from @Don Solt: Hi folks, As the topic states I'm looking to learn everything I can about the City of Philadelphia and its real-estate market.

I’m waiting to hear back from a city representative to see if it’s possible to divide the lot into multiple lots and put a mobile home on each lot.Once the land is paid off and divided, is it possible to use each lot as collateral for its individual mobile home?