With a long-term hold strategy, this property should continue building wealth through appreciation, equity, and potential rent growth.

Validate zoning, potential special or use variance, future zoning map, neighboring zoning.  

A lot were doing air bnb up until the new rules came in place for the city of San Diego but you can still find a property outside the city that you can potentially do STR with to cash flow. 

Sufficient infrastructure: Companies select locations with major airports, highways, and a large population of potential workers.

Looking forward to connecting with others who can provide guidance, tips, or even potential partnerships as I dive into this exciting field!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?

This allows you to keep more money working for you in the real estate market, potentially helping you grow your investment portfolio faster.

Choosing the wrong 1031 Exchange Qualified Intermediary to administer your 1031 Exchange could be a very expensive mistake due to the Qualified Intermediary's critical fiduciary responsibilities and obligations through out your 1031 Exchange transaction.You may focus all too often on issues such as size of the Qualified Intermediary, 1031 Exchange fees, interest rates paid, turn around times, branch office locations, and the like, when interviewing potential 1031 Exchange Qualified Intermediaries.

The prices are still really affordable compared to other cities, but you get solid rental income potential.