On the conventional side, one of the biggest lenders, I belive they'll give you a few days free, but if you need to extend over 5 days then it is 2.5 bps a day, and if you need a 2nd extension then they double it to 5 bps a day. 1.5 bps is VERY reasonable.

Has it doubled in value since then?

I think prices will continue to increase, but at a more steady single digit per year increase... not any sort of rate at what we saw during the pandemic where prices doubled over the course of 2 years.  

My partners and I, we are developers (for properties on sale and also long term rentals) I've been doing short term but as I told you if you consider short therm rental is not good for you probably you can change the niche and make money I don't know how many years you have without visiting the DR but one thing I can tell you the same property you visited on that time now probably cost the double or are in the way to cost that.If you want, one day we can talk about:-Multifamily-Condos-Lotsor even development projects like us or maybe with us how knows.If you are completely sure that short term rentals don't work for you.

Account Closed is correct, absolutely do both.. especially if youre just starting out even Grant Cardone started with a SFR. but for the sake of his question lets say you have 100k saved up for a real estate endeavor TOTAL, and you find a SFR that fits the 1% ratio (100k house that brings in 1k rent) that is doable if you calculate it out that would equal a 8.2% cash on cash IF it stays at a 90% occupancy rate. on the other hand if you invest that 100k into a limited partnership with a company that invests in value add apartments will now your cash on cash can be a preferred 10% with a target of 16-20% IRR which would essentially double your money in 2-5 years.. in this scenario the SFR would take sweat equity from you and risk while only returning a measly 8% CoC while the MF would be completely passive allowing you to learn and grow without hindrance with a 10% CoCnow we are over simplifying but I hope this made sense.. cuz my brain hurts ;D

Because the house has doubled in value to $800k (at 5%) so you were $300k short, now you’re out $300k and you’re $400k short.

Allowing pets will double the available pool of renters.2.

All in all, the city really looks down on Ellis Act evictions, who knows what other future legislation will affect you in doing that type of eviction.Note that if you do an owner move-in for the non-protected tenants, you'll only have to pay them around $6k per tenant (double check the city website to confirm).

My best advice is to get a double deposit.

The renters have long term leases and yes I have done the math but still new so I’m double guessing myself. lol.