He has nothing left in this property to offset his active income.Appears this property losing on STR steam and hasn't done well in 2023 and now he's thinking of converting it into his primary.

We are in Jersey City, with an amazing commute into NYC, so we now have had a ton of appreciation and drawing professionals from manhattan and Brooklyn the past 5 years or more now.Here is a rough breakdown of what we did rent wise, and with paint and minor cosmetics, the past 5 years ~2015 ~ first tenant $1200In preparation, we cleaned and Painted, steamed carpets.Upon his move out, we did a lot of deep cleaning.Steamed carpets.Touch up walls and paint.2016 ~ second tenant $1250A lot of deep cleaning upon move out.Steamed carpets.Touch up walls and paint.2017 ~ third tenant $1275Upon move out:Repeated Deep clean.Touch up walls and paint.2018 ~ fourth tenant $1550This tenant was spectacular.

High prices at some point will become unsustainable and when that happens, the market will run out of steam.

Personally I think steam showers enhance real estate investing.

At that point, they decide they want to turn flipper out of desperation, like a losing gambler upping his bets as he gets deeper in the hole, steaming hard into complete financial ruin.

The tub faucets were broke and caused excess moisture and steam from this constant flow of hot water.

Some may leave but the overwhelming majority will stay and many people will continue to migrate into CA from all over the world. 5) CA doomsday posts have picked up steam since Covid-19 started although CA has one of the best numbers in the country in terms of Covid cases.

You should never be getting more units when your "old" units or held ones aren't running at full steam because then you are spending repair money on a new project and won't have it for the first one.

If you eventually want to go full steam ahead with real estate, you still won't have regretted socking away all that retirement cash!

If you're buying in your old neighborhood and don't mind making it a job because Target is only paying you $12/hr, full steam ahead and best of luck.