This is a great space to learn.

Purchase price: $40,000 Cash invested: $16,000 Conveniently out of the flood plains, this welcoming 3-bedroom home is features a huge master bedroom, refinished hardwood floors, spacious living and dining rooms, and a stunning kitchen!

We have put a considerable amount of money into the home to include a completely renovated 2nd floor 2 bedroom unit.

Some more than others. two units had wood floors that we kept.

The price is posted, and it's the same with almost every other business.I would go online and do a rent comp analysis on what current market rents for your type unit are getting, and if you're afraid of losing them, then you can give them a discount.If a tenant has a larger space, more amenities, a parking space, then you can add additional rent.

Investment Info:Other buy & hold investment in Pacific Grove.Completed a 1031 exchange into a retail/office building, then converted the second floor into a short-term rental (STR) and mid-term residential unit.

There is also space available for an additional 3 mobile homes.

You are ahead of the curve to some degree compared to others, but most moving into this space now lose.

We are able to live in the top floor while we STR the basement during the summer months, and MTR during the offseason.

We currently have a pool table and foosball table for guests in first floor living space, but was thinking of adding a ping pong table in garage.