In my experience, underwriting single family home rentals in California typically results in sub-4% unleveraged returns, which is awful given the alternatives. 

In the end, the value of a single working STR is the place itself and not the rest IMHO.

My unsolicited advice: do a different side hustle, start making real money at it, and buy an actual single-family home as an investment. 

. $2.5-3M is about where agents starting requiring POF/Prequal for showings in my market (single family homes, for tenant-occupied MF it can be any price point).

We've heard this question a decent amount recently, and I'm assuming that it's Nationwide due to the stats below: 2024 is the most apartment units completed in a single year since 1987.We're definitely no longer in the days of throwing up 3 blurry photos, pushing rents, and having 5-10 applications within a 3 day period (COVID era). 

Any good Single Family Real estate conferences happening in November or December 2024?   

These experiences all happened in a single afternoon without even actively trying, which really reinforces what you’re saying about driving around and door knocking.

I have been invested with MAG on a single asset deal and a fund for several years. 

Your local partner can help verify if the area really supports those rents long-term.Regarding school ratings, they’re important for single-family homes but may not be as critical for duplexes, which tend to attract a more diverse renter pool (young professionals, retirees, etc.).

Hey Account Closed - Check out your competition with furnished finder that is where a lot of Medium Turn rentals list their properties.I have a MTR in Chicago that has been decently successful...whatever I have found throughout my entire life and investing career is it is never one property/deal that is a grand slam...Rather, the grand slam is done by hitting many singles and using systems and processes to scale your operation; the combination of scaling and experience in a niche of real estate allows you to hit unlimited grand slams because, unlike baseball, real estate is NOT a zero-sum game.