My wife and I just closed on a duplex in Oakland, but the basement/garage was already converted into a separate living space with a bedroom and bathroom.

Have enough that after you buy the property you still have 6 months of expenses in reserves that you can use for daily living.

Living closer to work saves time and money.

However, I am thinking of having my parents who are retired living there part of the year and doing STR for the remainder of the time.

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

I like the tub (it wasn't cheap, about 12 grand) but there's not great service options where I live and not sure if I would get it again since I mostly have to take care of it. 

All the rest live in other states or countries.

Do you want to live there?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $140,000

Cash invested: $24,000

Sale price: $220,000

I knew from the start that I was going to buy this propert...

If you live in or around Denver you've probably heard of the Park Hill golf course - if not, here's a quick rundownBackground: 1.