Market conditions being one of them.

Personally, I wouldn’t invest in a market where appreciation averages only 2%.

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

From my experience, this is a very seasonal market.

I've identified a piece of land that is off market and able to be purchased, roughly 40 acres.

Understanding STR regulations in a market is an essential "must do" when it comes to evaluating a short term rental.

A property that I own was on the market. 

Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.  

@Alice Fairbairn all that's great, but what about marketing?