I invest almost exclusively internationally but I would generally never invest in long-term rentals, unless the rentability is very high, which it almost never is.6.

I usually do not work with New Western; I have found the PP is too high and the ARV's are always inflated.

North Park buyers might love a historic Craftsman with modern touches, while La Jolla buyers want high-end finishes and panoramic views.

Pretty cool.You probably won't find this type of home in Florida or anywhere where the water table is high.

I assume it’s not high enough that you or any family members want to take on the job?

They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.

If land values are increasing significantly, you can back-end load the seller financing for a percentage of the profit when you sell.To add to prior comment, how many septic tanks do you have?

I realize I don't have the actual NOI, but that price sounds super high for the gross income you're stating in your narrative.

Our 275 sq ft furnished garage should rent for $1600 - $1800/mo and the only extra fees compared to long term is $99/yr to post on furnishedfinders.com. ...I should have this finished by the end of next month, so can keep you updated on whether this plan works and what we rent for. 

I'd keep 70% as a base and shoot for 90%+ on the high end.I think I'd be pretty happy with 90%.