Asking in the correct forum will get a better response.Need a spreadsheet or form?

Attend seminars or workshops.Build Your Team: Start networking and finding the right professionals to support you.Start Looking: Look for properties that fit your criteria and financial capabilities.Make an Offer: When you find the right property, make a fair offer and negotiate the terms.Close the Deal: Once you've reached an agreement, complete the necessary paperwork and close the deal.Manage Your Investment: Maintain the property, screen tenants, and review your finances regularly.Make sure you have your criteria down, then financing and property selection is Easy!

It provides housing when we have limited supply, it's a good way to find tenants and make friends, and it produces a great ROI (if managed correctly) because the rental income is generally higher.

Flips and BRRRRs can work in the Bay Area if you can find a distressed property and do the renovation correctly and not overpay on rehab costs (that part might be difficult).  

You maintain stability for your family and continue benefiting from the basement rental income, offsetting some of the increased costs.

@Sean Walton has the premise correct. 

And they're also correct about the difficulty in obtaining either without current income.

I'm now ready to dive back in....correctly. 

You would maintain management control while giving them a return on their investment.Is $6k-$7k Cash Flow Enough to Attract a New Partner?

When an entity is structured correctly you’ll be able to qualify for deep tax deductions against your w2 income through the business combination structure ( A structure that qualifies an individual for deep tax deductions)