Besides my current rent, I still have to pay an additional $1~2000 for the mortgage, etc.Pros:Better financing rates than for investment propertiescan manage it myself to save the PM feehaving my own place without worrying about rent increasesCons:May only afford a small townhome or apartment, not sure if I still want to live there after 5 yearOption 2: Investing in Out-of-State Multifamily PropertiesI could use my cash to invest in several multifamily properties out of state and use the cash flow to cover my rent.Pros:Potential to spread risk across multiple propertiesThe cashflow can cover my rent, maybe have extra leftCons:Additional costs for property managementLimited potential for appreciationHave no experience in managing OOS property, and I am afraid it will be annoyingI’d love to hear your thoughts or any advice you might have.

If its a New Western deal though I am extremely dubious .. those require extra due diligence as the deals I see coming from them one needs to verify every aspect of what your being told.

Most of the first page now seems like its sponsored ads so I typically will go several pages deep when researching something.

Throw in some extra costs like moving expenses, professional photos (a cost the STR PM may also need to pay depending on the quality of the existing photos), renter's and lessor's insurance and a listing on furnishedfinder to round out some of the start-up costs.

Renovation costs are capitalized and added to the property’s basis, reducing taxable profit (sale price minus adjusted basis and selling expenses).

The seller converted one of the garages into a bonus room and it added 300sqft under AC.

We don't really incur any significant extra costs by having someone physically show the property because someone's already working, and we batch showings.

Added solar panels and a hot tub.

Adding a single ADU in southern CA is typically a poor investment.  

Any ideas on what I could turn it into to help generate some extra profit?