Year 1 cash flow matters (don't buy a cash vacuum), but price appreciation and rent appreciation is how you get real economic security and build wealth.

Short term rentals can be lucrative but come with higher variability and management needs.My Take:It might be beneficial to consider a mixed approach—drop the rent slightly under market value to secure a tenant and stabilize your cash flow, while simultaneously exploring the short term rental market.

Assuming a 15% average negotiated discount, the $607,143 would secure a diversified portfolio of 37.15 acres, or $16,343 per acre.Attached are some screenshots of the "tool" and a "pre-screen" polygon of areas that I have subjectively deemed promising.

Now, since as much as 7 out of 10 businesses fail these days; I am not sure how secure starting one's own business is either without a huge safety net.There's no guarantee that REI, self-employment or W2 workers will always be safe and sound.

Nothing herein is legal advice.Effective July 1, 2024, California Civil Code section 1950.5 generally prohibits a landlord from collecting more than one month’s rent as security deposit, whether the rental is furnished or not.

It is also about security.

Social Security number." 

(Q3)Security deposit is another area that I need clarifying on.

For this, I need intelligent lawyers who understand creative deals, are ethical & secure their client’s interests.

It's all totally survivable.It will take 90 to 120 days to go through the process and then you can start rebuilding.Banks won't lend to you in the future until you clear the deck and rebuild your credit anyway (usually through small loans at first and secured credit cards.