A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

Quote from @Miguel Del Mazo: Knowing more about the area, it sounds like you'll have an ideal avatar of wealthy, young and trendy professionals that aren't ready for or looking for a home to own.

That is less than ideal in some ways as well. 5.

After living in the property for a full year, we have come to terms and accepted that this is not our ideal location.

There are many reasons that adding a single ADU in southern CA is a less than ideal RE investment (i will post a list at the end) but the negative initial equity is a primary reason as the initial negative equity position consumes the initial cash flow and can take many years to recover.As for converting your home to a rental….

Ideally it should still cash flow solidly but may not appreciate quite as rapidly as the bigger market.

He was an agent/investor but he makes movies now--they are on Tubi.

And document the hell out of everything, hell make a YT page dedicated to it all like a docu-movie.

In 2019 i was at ideal occupancy but none of my STRs are at ideal occupancy today.Do what you want with regard to the number of OTAs, but i plan to never be associated with a single OTA.  

If there's equity maybe selling and restarting would be ideal unless you can up income/cut down expenses