I suggest anyone considering any type of home improvement project explore all their financing options.

If you have enough money to purchase something in So Cal, I'd recommend exploring the option of purchasing something elsewhere potentially in cash. 

•I manage all my properties myself.As you mentioned, I need to start exploring other developing markets.

To navigate these challenges, condo associations need to be proactive in exploring their options and seeking legal counsel to ensure compliance and financial stability, and condo owners need to consult experienced agents on what to do, whether they're looking to buy or sell. 

You could still explore mid-term or short-term rentals on one property to increase income without relying solely on it, balancing stability with potential upside. 

As someone who spends a majority of time at work, I'm currently in the exploration phase of understanding the real estate landscape, particularly the BRRRR strategy, and how it might fit into my lifestyle and commitments.1.

These options would still keep your costs down while offering practical benefits that could attract a larger demographic of renters.Starting with one of these simpler conversions also gives you the flexibility to explore more ambitious plans down the road once you have a better understanding of the property's potential and your own budget constraints.Hope this helps clarify the options.

Hi Ramdi,Great to see you're exploring private money lending as a financing option→ it's a smart move, especially if you're looking to scale while conserving your own capital.

I believe in the power of networking and sharing knowledge, and I’m eager to connect with fellow investors to explore potential collaborations and opportunities.Feel free to reach out if you’d like to chat or meet up!

If you are still exploring markets to invest in, Nashville, TN, is a hot one!