That's the constant concern we hear from investors in CA is that a lot of the contractors are so busy with other projects!

Since you said the owner needs the income rather than the lump sum, buy the properties and structure an owner carry note that secures their income stream for 15-30 years.

I'd be fine with doing it myself, but I'm not sure an airbnb setup would be good because of people constantly coming in and out, and risk of it being vacant. 

The Deal Finder is constantly on the hunt for new deals, always looking for properties that meet the team's investment criteria.Key Traits:- Optimistic and energetic- Risk-tolerant - Forward-thinking- Well-connected in the local real estate market2.

Purchase price: $500,000 Cash invested: $100,000 Purchase aimed at creating a steady income stream, while also offering significant potential for long-term appreciation.

I have short term (12-24 month), 5 year, 10 year, and 15 year projection models...sometimes I'll mess around with longer term (20+ years) projection models, but it's pretty difficult to project that far into the future, because there are so many unknown factors--so, the longer the projection model is, the less I tend to believe in its feasibility...My projection models allow me to make more informed decisions about things like: whether to buy or sell a particular property, whether to refi a property, whether to rehab a property, whether to pursue or abandon a particular revenue stream, how to approach rent increases, how to manage risks, what debt to pay down first, whether a particular goal is worth the amount of hours I'll need to work to achieve the goal, what my goals should be, how to achieve various goals as efficiently as possible, etc., etc.A good projection model will show you not only how to reach various goals, but it can show you all sorts of potential roadblocks that could prevent you from reaching goals (as well as potential solutions to those problems).

I wound up buying older renovated homes in 2023 in Class C areas and they continue to be major headaches with constant repairs and me losing money.     

I wanted to house hack and purchase a property that has dual streams of income.

Your projected pro forma will use your updated costs (such as increases in property insurance and taxes, upcoming repairs) and income (increased rents or added income streams).

It's not only the constant pricing flux, the 24/7 communication, upselling early check-ins & late checkouts, but it's the management of each and every turnover.