How did you approach the homeowner about doing the STR?

The partnership with Shannon Johnson exemplified our collaborative approach to maximizing property value through strategic investments.

Specifically, I'm curious about how you find information on local regulations, how you automate the process, and how you make it fast and efficient.So far, my approach has been to call each municipal building to ask about their regulations on short term rentals.

The partnership with Graham Lyster exemplified our collaborative approach to maximizing property value through strategic investments.

This steady approach will help you grow sustainably in today’s economy.

Maybe you can approach with a combination of selling the lowest performing or least desirable asset(s) and utilizing some for cash out towards reinvestment? 

For a property like this, even in California, I would anticipate at least a +7% CR.Additionally, betting on appreciation is speculative and not the best approach to long-term investing.

I take a very conservative approach.

In CA we do have a pretty advantageous property tax system, at least for the moment (LOL).

All that to say that you *should* be approaching it with your criteria in mind.