Our plan is to live in one side and update the other side before renting out again.

I lived in LA for a decade and we have many friends, family, clients and community members suffering and send our sincerest condolences to all of those experiencing and affected this tragedy. 

Quote from @Kristi Kandel: Helping LA Communities Rebuild After WildfiresWhen Hurricane Ian hit Fort Myers Beach in 2022, it changed our lives forever.

Virtually everyone lives somewhere especially true for those that pay taxes (in CA property and income tax).  

In BC there are extra taxes if you use the home for short term rentals (unless you are living there).

Live way below your means and save the majority of your income.

I live about 30 minutes from downtown Atlanta so I'm not sure that a STL is good for my situation.

Thanks, Dan Audino Have you considered a live and flip?

Live in one unit - It's a great strategy when using a bank for financing as the down payment and interest rates are more favorable to owner occupants.  

I have heard good things about Ohio, Indiana, etc.5 - Due to high interest rates flipping has become highly risky and most businesses have dried up.6 - Co-living and Assisted living seems to be popular right now.So - really depends on your market, your strategy, and your timeline.