Right now the market is in a transition period and slowing down. 

The seller is a nonprofit that was using it as a transitional living facility for mentally underdeveloped adults. 

I know IB has the image of the last true sleepy southern california beach town, but this image could be negativily affecting the area as an investment opportuinity in the future.It would definitely be a longer term investment as it is not going to transition as quick as East Village did with Gas Lamp and Petco Park. 

You want to look for properties that are transitioning negatively.

I am transitioning out of a field I have been in for almost 25 years.

Transitioning into our real estate biz, along with supplementation from investment properties would be ideal by the timeframe given would be ideal, but might be too aggressive.

At that point, I might transition to property management anyways. 

There is an amazing amount of articles and forum threads on the subject of property management (interviewing, selecting, transitioning, self managing, etc.) with a lot of controversy or pro and cons on the subject of PM vs Self Manage (like this recent article why-you-dont-want-to-be-a-landlord). 

You should know how to get it either way.Juggling lenders and partners does not mix well with a vigorous nap schedule at all so I transitioned more to keeping my deals in house.Depends on your goals and resources. 

Devon Adam was a college & pro QB and is transitioning into Real Estate.PS- Adam, I met Angie at the Best Ever Conference and I'm totally impressed.