Looking for ways to create more passive income for myself.I guess an additional question is how profitable should I expect a short term rental to be in that area? 

I expect you will need a permit and not be issued one. 

Any insights from this group who knows this market on what is expected to happen with SF condo market in 2025?

So... as a good fool, I end up signing for the 3 days course expecting to have good lessons.I then went to the seminar that I left after 2 days of consistent brain washing.

Approaching it like that would also automatically set an expectation for the owner to pay maintenance expenses. 

Investors that close on a property and just hand it off to their PM without any oversight many times doesn't yield the expected result.

Most lenders are going to want to see a few big things from the ownership group. 1) The borrower will be the enitity (LLC, S-Corp, etc) and any owner with usually 20% or more of ownership in the entity will be expected to guaranty the loan, 2) We'll want to see some experience doing similar projects from at least one of the main owners, 3) We'll want to see bank statements showing liquidity enough to cover the intial cash injection (down payment), the closing cost, and some cash in reserve.

The definition of insanity is to do something over and over and expect different results.

@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

He's broken the contract 10 ways to Sunday, should be easy to terminate--and anyway it ends on 12/31 this year.