It seems that rent/value is favorable and easily meets the 1% rule.

There have been several situations where things could have gone poorly, as is the case in any market, but Nader has made sure it all worked out in my favor.

If it was 2021, maybe even the middle of 2022, I wouldn't even ask this question as I would expect the results to heavily favor refinancing your primary into a rental property, taking the funds from your equity growth, and reinvesting the capital into the next property.I have heard many homeowners/landlords recently leaning toward selling their primary residence and moving the capital into something more passive.

Their rates for a 30 year might not have beeen favorable.

Dont know if he knew of this loophole or was trying to be a jerk but worked in his favor.

In OK y'all have great eviction laws favoring the LL.

We get a lot of Cali investors for low property taxes, favorable landlord/tenant laws, no state income tax, stable population growth, job growth, tech growth, world class Lake Tahoe close by, and that we're a short flight/drive away from most of CA. 

The arguments in favor of land make a lot of sense.

Its a bit more difficult then that this is not a passive investment do yourself a favor look up some group alf homes wherever you are call ask speak owner tell them you are looking open a group home in the opposite part of town and would like take him and his wife to best steakhouse for dinner and ask for recommendations on how to do what they did.

Income/Expense ratio is Way more favorable.....Does take a bit of more specialized knowledge of the local market but thats all easily learned.