Trying to help my mom who owns a place in Riverside California.

Hello, My husband and I are about to purchase our first property (single-family home, new construction, riverside county, CA) The house is about 45 minutes away from where we live.

It sounds like you are ok losing money for the first few years with the anticipation of breaking even later and eventually cash flowing so as long as that fits into your long term strategy and you're not going to be forced to sell it in a few years it could still end up being a great investment in 5-10 years from now, however there are other markets around OC that also might be worth looking into, like the Riverside area where prices are still lower and rent is going up just as fast.

It looks like Temecula and Murrieta prohibit STRs, but unincorporated Riverside county allows them.

@Nancy Limcheck out riverside or san bernadino county for multi family investing, you can buy a couple of 4 unit buildings and cash flow easily.The rental yields are better than LA or OC. 

I own four acres in a decent area in Riverside county California and I would like to subdivide and build.

One option is You can sell and move the money to a 3plex or a 4plex in riverside or san bernadino county as a1031 exchangei would keep the rental and find a better PM. we have rentals in memphis since 2016 and cordova gives great rental yield and stabilized tenancy for our propertiesShoot me a DM if you want out PM referral

@Glen Zuffelato Thank you for the response!

In last night's LAREIA meeting, somebody mentioned a company called Backporchhomes in Riverside that makes ADUs on wheels (which look a lot like tiny homes). 

Riverside county is ok(though not beach).