I used those concessions to build out the basement into a beautiful and modern short term rental.

is it possible for an experienced investor employing a creative strategy, or a combination of strategies, to cash flow out of state?  

Asset class conversion combine with vertical integration is key.

Cities around here are slow to implement the new "modern city" changes you see in other places, like allowing ADUs and eliminating parking requirements. 

If someone sues you and wins, they can only take the LLC that owns the property that was involved in the lawsuit.Best: Using a combination of LLC and land trust to protect your rental properties.

If someone sues you and wins, they can only take the LLC that owns the property that was involved in the lawsuit.Best: Using a combination of LLC and land trust to protect your rental properties.

@Tuan Huynh San Diego is certainly a great place for it....I have a combination of 1 bedroom and 2 bedroom units that I use for mid term rentals and I do allow pets...kind of difficult not to.

One thing to consider is the combined experience of the executive team.

Most houses around here need to be demo'd and something modern put in it's place.I'm not really a fan of all the apartments that replace the old houses. 

My thoughts were to make the studios into extended stay for blue collar folk with a modern vibe w/some common area amenities (laundry, vending, & business center) .