We do have an annual cap in place to protect homeowners in cases of extreme appreciation.

It's extremely difficult and more expensive to find a lender offering a HELOC on investment property.

My wife and I were thinking of getting our next STR in the same area, but after seeing so many properties for rent and what some of them were charging it would be extremely challenging for us to find one that cash flows positive, or even break even, with today's interest rate and 25% down.When we got our first STR verifying the income projections was the hardest thing.

This is extremely complex work if you don't know what you're doing, can also delay your project by 6-9 months if you don't plan accordingly.

We strongly believe that diversifying the various investments is important and offer extreme transparency. 

Thank you for the extremely detailed and informative response. 

The definition of "average" can range from one extreme to another. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

The main investor still wants to go through with it *if* they can find someone to go in half’s with them, but I’m afraid they won’t be able to find someone to go in with them in time.Here’s some more info, if it makes a difference, so you could give more spot on advice: the house is extremely unique in California, three hours east of SF in the Sierra Nevada mountains & and was built by a bridge maker as his own residence back in the 60’s, so it’s one of a kind.

You can say the same for the real estate run over the last decade as well.Yes I admit being extremely lucky in RE the last 30 years and having been unlucky in the stock market.